 Dead Phoenix was going to be a 3D shoot ' em up featuring a winged man named Phoenix . Based on trailer footage , IGN compared the gameplay to Panzer Dragoon . Players would take control of a winged man as he flies around shooting massive enemies , with the aid of allies on foot . Capcom 's announcement described the setting as a mythical floating city , full of monsters and dragons . Game Informer announced that a Japanese release was planned in mid @-@ 2003 . The game was believed to be canceled by May 2003 , but Capcom stated at a press conference prior to the 2003 Electronic Entertainment Expo ( E3 ) that it was still in development . IGN speculated that the game may have been retooled as a new Kid Icarus title , based on Nintendo 's trend in the early 2000s of licensing properties to third parties . It was canceled in August 2003 after failing to appear at E3 . 
