Hudson has canceled its 3DS titles for Bonk, Bomberman and Omega Five. Additionally, according to 1up, and separate Bonk title for PS3 was also canceled. If that's what I think it was, then it sounds like Brink of Extinction got canned.
Konami's words are a little too vague for comfort. Plus, Brink of Extinction seems to have been in development hell anyway. And the fact that Siliconera listed it as only a PS3/360 title makes me wonder if it is/was still planned for the Wii (which was the original target platform).
Oh well. No use being too disappointed in a game that never had a firm release date to begin with.