Grabbed from WipeoutZone:
Studio Liverpool Internal Development shut down by Sony
January 29th 2010
It's with a heavy heart I report that Sony Computer Entertainment has taken the decision to terminate almost everyone at Studio Liverpool Internal Development today.
This essentially brings to an end a long history of game development at Studio Liverpool, formarly Psygnosis.
I feel privileged to have been a part of it for six years. Right now, I don't have a whole lot to say other than to hope that all the great folks who worked there can find new jobs soon.
This is quite sad indeed. Psygnosis was one of the companies that helped the PlayStation "rise" with games like Wipeout , Destruction Derby, Colony Wars, Rollcage,...
I'm glad i got Wipeout HD + Fury in blu-ray. I guess it makes even more important now.