LOTR: The White Council canned?

The RPG, a game that was titled Project Gray Company before the Lord of the Rings' veil was lifted in July, was to be a game where players participated in the battle for Middle Earth, but not as one of the Tolkien-series' main characters. At the time of the game's announcement, executive producer Steve Gray offered the following:

"Our extremely talented and dedicated team is committed to creating an incredible new experience for fans of The Lord of the Rings and role playing gamers. With its next generation gameplay and epic new storyline, we think The Lord of the Rings, The White Council will be a huge success."