Several stories around the web the last few days (XboxSolution, CNN have mentioned the resignation of Take Two's CEO, Jeffrey C. Lapin, and the subsequent revision of financial estimates for the second quarter and year-end results for 2004. Lapin had the CEO job for only one year and three months.
What does this have to do with Bungie? Well, for a while Take Two owned almost twenty percent of Bungie; when Microsoft bought the company, Take Two got the rights to the Myth and Oni franchises, as well as two licenses for the Halo engine in return for its shares.
Since being sold by Bungie, the Myth franchise saw the release and then abandonment of Myth 3 by Mumbo Jumbo, which was disbanded shortly after the game's disappointing release. The Oni franchise has remained dormant, and there's been no sight of any Halo engine games from Take Two.