Daniel Craig was set to return as James Bond. Sam Mendes was on board to direct this project.
Mirror has substantiated this story saying:
But now it has confirmed the movie has been axed - and it could be years before the secret agent with a licence to kill is back on the big screen.
EON Productions, the company behind the film has also supported this report.
"We do not know when development will resume and cannot comment further at this stage."
It seems that if all this is true an announcement of some sort will be made soon. This franchise appears to be too financially lucrative to just die like this. Afterall, the worldwide box office receipts for all the films total over $5 billion dollars.
Skyfall was released November 9th, 2012 and stars Daniel Craig, Judi Dench, Javier Bardem, Ralph Fiennes, Naomie Harris, Bérénice Marlohe, Albert Finney, Ben Whishaw. The film is directed by Sam Mendes.