I was in the closed alpha as a tester.
The new game was a free to play multiplayer focused economy based online only game. Who thought that would be a good idea I am not certain but they tied to make it work.
http://www.commandandconquer.com/en/new ... nd-conquer
This is the letter posted by the community manager from Victory studios before EA dissolved the studio. Its clear they wanted to continue development of a C&C title but EA has different plans. If I had to guess I would say the people in charge no longer saw a good return on their investment and decided to relocate their resources elsewhere. After all, they don't need new revenue now that Battlefield 4 is out and Titanfall are on their way.
Whats next for C&C? No idea if EA still has an interest in the franchise but the guys at Victory did.