UPDATE: Rest assured, this rumor looks like it's false. According to Kotaku, Sony has addressed these reports by saying, "This is not true."
Panic is setting in as reports that The Last Guardian has been cancelled are popping up. Before you look for your inhaler, nothing has been confirmed by Sony at this time. The bad news stems from reports GameStop has removed The Last Guardian from their database as an upcoming game. If that wasn't damming enough, some customers are even claiming they received phone calls letting them know the game had been cancelled. One blogger even recorded the message.