In a surprise move, THQ has pulled the plug on the development of Guillermo Del Toro’s Insane. Recently, THQ’s new president, Jason Rubin, indicated that development of the new IP was continuing. Besides canceling Insane, the company has returned all IP rights to the title to Guillermo Del Toro, so it is not beyond the realm of possibility that he may be seeking investment as well as a new publisher and studio to continue the project.

Rubin’s decision to cancel Insane as well as the development of Facebook and mobile games is an effort to focus on the core triple A titles that the company wants to be the cornerstone and core of their business. Rubin sees the refocus as a good thing, and thinks it will save the company money which can be used to fund other projects that the company sees as core.

THQ has a number of releases in the pipeline, and it will be led off next week with the release of Darksiders 2, on which the company has very high hopes. Beyond that, THQ has confirmed that Company of Heroes 2, Metro: Last Light, South Park: The Stick of Truth, and Saint’s Row: Enter the Dominatrix are still coming next year.