What is known about the Biohazard/Resident Evil title announced for the PSP in 2009?

What is known about the Biohazard/Resident Evil title announced for the PSP in 2009? I would assume by now it was canceled but does anyone know anything about it, Besides the screen shot from above?

Taken from Eurogamer:
Resident Evil is coming to PSP for the very first time (ignoring the Resident Evil: Degeneration UMD, smartarse). Expect a nasty infection to crop up sometime in 2010.
Should bring a whole new level of fear to that already lurking in your murky pockets. It's a totally new title, too, no remixes, rehashes, reboots or re-imaginings, which are all words we hate. Characters and location remain a bit of a mystery.
It was a relatively brief mention in the PSP heavy first section of Sony's conference speech, with Jack Tretton mentioning it in an almost casual aside. Perhaps it's a response to the petition put together by Resi fans for Capcom bosses way back in 2007, when organisers were told that over 10,000 signatures would be required to "attract significant attention".

I found a Video to the announcement.
http://www.youtube.com/watch?v=MyFleT8Zw7Q

 

Nothing but speculation, but despite claims of stuff being unrelated;

Rumors had it that it would be an attempt at an Outbreak revival and that it'd be outsourced (This being when Capcom was really starting to outsource stuff)

Fast forward to now and you've got the Outbreak revival attempt in the form of Operation Raccoon City, developed by PSP developer Slant Six.

Capcom were probably shopping the pitched PSP project around to "experienced" AAA PSP devs, Slant Six somehow showed up as an easy "target" (since they're in the same area as former Blue Castle Games, now Capcom Vancouver, or whatever), one thing led to another the pitched Resident Evil Portable probably became Operation Raccoon City.

 

Its believed that Resident Evil Revelations was actually the PSP project

Or it could have evolved into a PSVita project

 

Cancelled !

 

He knows it's cancelled so why write a one word post which has already been explained.