According to a bunch of gamers chiming in all over the Internet, as well as Destructoid (who posted a recording of the call), The Last Guardian has been cancelled. GameStop has been calling to let people who pre-ordered the game know that publisher Sony has contacted them and told them it was cancelled.
Coming on the heels of Fumito Ueda leaving Sony Japan, this is not all that surprising, but it is certainly devastating. I guess Ueda was not as committed as Sony thought he was. Or hopefully, this is just a rumor, or a miscommunication. Or something. Christmas is this week! You can’t cancel Last Guardian!
UPDATE: Sony has informed IGN that The Last Guardian is not cancelled. Furthermore, GameStop issued a correction, stating the calls were due to the game being removed from their system due to its lack of a release date.