Perhaps that last part is somewhat sensationalist, but SEGA has streamlined its US and EUROPE divisions, leading to a shit-ton of layoffs and all but four franchises disappearing from SEGA's to-do list.
These four franchises are Safe. -- Sonic the Hedgehog, Football Manager, Total War and Aliens
All others, including my beloved Super Monkey Ball, are being forgotten and cancelled... a bummer for some of us, like fans of Shenmue and such. However these franchises could make their way to other publishers and developers I suppose. I didn't read anything that said that couldn't happen.
Are you disappointed? Do you care? What will you miss?
@New Forms Valkyria Chronicles may have been stuck in Japan anyway. At least, III has been. And personally I wasn't the biggest fan of II, this franchise works way better on PS3 where it doesn't have to be so streamlined.
I wondered that too when they merged with Sammy. From an American standpoint, the Sammy merger made zero sense since they had little presence in the US (but Pachinko is pretty big overseas apparently) to speak of, if any.
I really liked Virtua Fighter; playing every entry ending with the one for Dreamcast (though I vaguely remember that one). Virtua Fighter 2 (for Saturn) was my favorite, playing the royal heck out of it. Akira was my favorite character (generic, I know), with Lau, Sarah, and Shun being close seconds. Though, they were all great to play as. However, I couldn't stand Jeffrey - that brute! The music was great (for the time and genre) and the play control simple and effective. I liked that it was a fighter without projectiles, mad combos, and other such things to bog down the experience.