Sony Online Entertainment has confirmed that along with the layoffs and studio closures that leaked onto the web today, The Agency has closed its doors.

Although news is bad for the fans of the perpetually flagging FPS-style spy MMO, things look decidedly better for fans of the EverQuest and Planetside franchises as the developers were quick to point to those two upcoming titles as the reason for Agency's cancellation.

"As part of a strategic decision to reduce costs and streamline its global workforce, SOE announced today that it will eliminate 205 positions and close its Denver, Seattle and Tucson studios. As part of this restructuring, SOE is discontinuing production of The Agency so it can focus development resources on delivering two new MMOs based on its renowned PlanetSide and EverQuest properties, while also maintaining its current portfolio of online games. All possible steps are being taken to ensure team members affected by the transition are treated with appropriate concern.

MMORPG.com will keep up to date on this story as it develops.

*SOE quote originally found at Massively.com.