I cancelled it because I became disillusioned with everything I've done up until this point. There's a reason why I called this show the "Crysis of Smash Bros. machinima". But, as I was doing the AxO pilot, I grew a bit frustrated coming up with a story. I realized that, for better or worse, I had something with Reycralibur, and I was going to throw it away in favor of something completely different. All because I didn't want to do another Smash Bros machinima with Link as a protagonist.
I will get around to releasing episode twelve, and the remake, once I've had some time to polish things up. Then, rather than leave the show hanging, I'll do...something. I won't jinx things like I always do but, I'm going to do something with Reycralibur, rather then just release episode twelve and leave people hanging.
In the meantime, I've decided to come out of my basement and join a new machinima group. Yes, another one. They call themselves RetroPixels and their ranks include SmashingTheNew, WisemanThe13th, TeamRegiGigas, HylianPrincessLida, and some other jobbers that didn't make it into Virtual Smash