Merely a fortnight ago one of Australia's most renowned development studios, Team Bondi, went into receivership. Now there's news of another Australian studio closure, that of Melbourne's Visceral Games, an Electronic Arts subsidiary. A source has told Kotaku that Patrick Soderland, EA vice president, had concluded that the an in-development 360 title would not be profitable, deciding to can the project and the studio.

The Melbourne staff, who had previously worked Dead Space, Godfather...

While no fine details have been canvassed, what we do know is that Real Racing 2 is on the way for the iPhone. Firemint say so! We're not entirely sure what can be improved, as the original remains the best racer on the platform, but we're sure they'll think of something....