Faxion Online wasn't the only UTV True Games project to be axed following the company's acquisition by Disney. It turns out that Mytheon, too, is in the process of closing down for good.

In the sole announcement on the Mytheon forums,
the team posted a note that the game would be spinning down starting
this past July 27th in preparation for a final shutdown at an
undisclosed date in the near future. Players can no longer register for
the game nor download it. Mytheon planned to launch in 2010 but was kept in beta testing far past the projected release date.

This announcement ends on a bittersweet note: "Finally, we'd like to
send out a huge thank you to all our players who've joined us on this
journey. Keep challenging fate, The Mytheon Team."