Nope, it's been cancelled.
Originally Posted by Dream17.co.uk
Following this bit of news
yesterday, I dropped Martyn Brown an email asking him if he could shed some light on the Alien Breed 2005
situation. In his emaile he stated, amongst other things, that "Breed is not on our current agenda, unfortunately
But then Spadge made a post in the Alien Breed Fan-Remake thread
which pretty much sealed AB2K5's fate - it seems that the latest version of one of Team17's greatest franchises is cancelled. I didn't want to believe it (as you can see by reading my
post in that thread...), but there it is in black and white.
Rest in Peace, AB2K5.