Quoted from frolic:
The money problems were probably clear to John more than a year ago when he stopped paying his programmer, and other vendors like GLM were getting stiffed. So he kept up the facade that everything was great, he was going to do his "reveals", we were a bunch of whiny customers who don't appreciate that art takes time, meanwhile he was living a lie.
The real question is when did he stop paying himself? He had to know about 18 months ago he had no path to manufacturing and not enough money to outsource it to JJP or Stern to build.
I think Ben is correct in his view that JPop had been waiting for a buyout and/or job for a long time and that was the only way these games would be made.
Quoted from YKpinballer:
John knows it is over. He's not talking like Kevin wasn't talking once predator blew up. There's nothing left to say, just time to GTFO of dodge. The only people who don't know it's over is a couple extreme optimists in this thread.
Of this I have no doubt. John is now likely scared he will be sued and disgorged of some or all of the salary he paid himself. His personal path forward now will be to make like a turtle and hide out till the heat and anger cools down. His reputation is already shot, his advisors will likely tell him not to make any more statements and he will likely never announce the project is dead.
Expect JPop in two or three years to still be saying he plans to "make these games one day soon"...does that sound familiar to any of you old timers (we all had an Austrialian friend who once pulled this with MM...).