PS3 Coded Arms canned?

Rumours suggest Konami has pulled the plug on its next-gen virtual reality shooter

It appears the reports/rumours of Coded Arms Assault's demise originated in German online press, but as yet, nothing's been confirmed or denies by official powers.

We've been in contact with Konami to find out the score, and will let you know as soon as the company gets back to us.

Coded Arms Assault is (or could be was) an Unreal 3 engine-powered FPS that casts players as a hacker battling an evil corporation by entering virtual reality. The series has already appeared on PSP.