Used to play the older editions when I was a kid, just purchased the newest edition (have yet to try it, but looks sweet). In the box was a flyer touting that it is available on PC, Xbox, and PS3… yeah, so it's not and from the sounds of the recent posts in the Talisman forums, it's gonna be a while.
We are redirecting the project at the moment and there are a number of courses of action we are evaluating. The game is not cancelled, nor is it on hold. We want the best possible execution so it is probably fair to say that it will not make the original date of "Winter". As we complete our evaluation of our options, we will eventually formulate a new release date.
The original release date was Winter 2008 :/
The most recent update (yesterday) made it sound like they are having serious issues with the game, and personally I would not be surprised if it were scrapped. I was pretty astounded that it was in development in the first place :p