There's already a few APB threads going on, most with the information you just stated.
APB was a decent game for what it was, but they marketed and advertised as more than that throughout the development cycle until close to release. Ahhh, if you want to read through all that bad enough, you can go read my replies in the other APB threads.
Any studio that uses a 3rd Party Engine pays royalties. Royalties are what keeps the world turning. That said, 100 million over 5 years development for a game trying to break into the "MMO" genre is a relatively small budget compared to titles like Age of Conan, Star Wars: The Old Republic, and so on.
There was a lot contributing to what happened, but if it makes you feel any better, the day they announced they were closing the game down they also stated there was an entity interested in purchasing their projects, APB included. There still might be hope.
