Responding to rumors of cancellation, Bethesda Softworks sent out a note to press clarifying the situation. In it they state that the game is not cancelled, but instead being pushed back past 2012. The exact note is as follows:

"Development of Prey 2 has not been cancelled but the game will not be released in 2012 as planned. The delay is due to the fact that game development has not progressed satisfactorily this past year, and the game does not currently meet our quality standards. Prey 2 has shown great promise and we regret disappointing our fans. We have made a substantial investment in game development to deliver the experience fans want. We are determined only to release the AAA game that fans rightfully expect, and are unwilling to compromise our quality standards to meet a release schedule."