It's dead Jim.
MMORPG.com has an interview discussing the demise of Asheron's Call 2, featuring Jonathan Hanna, the director of community releations. We felt that Keanu Reeves would know better than anyone what it feels like to be part of a sequel that fails, unfortunately, he would not return our calls. We are confident he would have said this, if only he would have...said this:
" In the wake of Turbine announcing Asheron's Call 2 is coming to an end, Jonathan "Calandryll" Hanna, the Director of Community Relations for Turbine, took some time to sit down and answer a few questions, exclusive on MMORPG.com. Below we find out what, if anything, is in store, why it happened and more. "
You can read the entire Asheron's Call 2 Interview at MMORPG.com