Fable Legends, the free-to-play RPG by Lionhead that was set in the Fable universe has been cancelled, as reported by Lionhead on their forums:
Microsoft has today revealed that the upcoming game Fable Legends will use a free-to-play model rather than a more traditional pricing structure in both the Xbox One and Windows 10 versions. Microtransactions will allow players to unlock hero characters and creatures to be used by the villains permanently. Otherwise, the available heroes and creatures will rotate every two weeks, leaving users unable to simply pick the same hero. The game will though allow the purchase of these items with in-game currency as well as real world money, although they have yet to reveal how much they will cost in either form.
The previously announced Fable Legends closed beta will begin this Thursday, October 16th.