http://kotaku.com/5612289/apb-developer-realtime-worlds-hit-with-major-layoffs
It's not looking good for Realtime Worlds.

I'd say they've probably found out that the insane money-making scheme, planned to make them Blizzard-filthy-rich, was too much to swallow for the majority of the gamers they were counting on providing them with a steady income. The game, such as it is, simply isn't worth it.
I was in the beta, and I was not impressed. I wouldn't even have bought the game if there hadn't been any subscription fee.

Well, this was the first and likely the last I have heard about this game. Easy come, easy go, as they say.
Too bad about the jobs though, in an already difficult economy.
EDIT: spelling

Do we have any info on how well APB is doing? Only most people seem to be pretty nonplussed about it.