Say it ain't so - next Bond movie development halted

I'm a fan of the Bond franchise; even when the movies don't always live up to expectations. And even though the last one was disappointing (I thought Casino Royale was pretty good, but Quantum of Solace was just a lot of stuff going on for no good reason) I was still looking forward to the next one. Unfortunately, EON Productions has announced suspension of development:
Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on BOND 23 indefinitely. We do not know when development will resume and do not have a date for the release of BOND 23.
Oh no! MGM in financial trouble again?! Isn't that a permanent state of affairs for them?!

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