News: Poor, poor Hiro. Low ratings and now this.
Ubisoft has told the MTV Multiplayer blog that they are no longer developing a game based on NBC's Heroes. The game was originally planned for a Fall 2008 release on the PC, PlayStation 3 and Xbox 360.
No reason was given for the cancellation, but I would guess it has to do with the ratings for Heroes being at an all-time low. Ubisoft also confirmed that the video game rights to the show have gone back to NBC Universal, so it's possible some other company could swoop in and start development on another Heroes game.
This shouldn't come as too much of a surprise as I don't believe Ubisoft released any concrete information about the game in the year since it was announced.