CyberConnect2 has confirmed Strelka Stories is no longer in development.
The news was confirmed by company president Hiroshi Matsuyama in the latest Hiroshi Q&A, where the company boss confirmed the 2010-announced game has been cancelled.
The game was announced back in 2010, with only a handful of images and artwork to suggest what the game could be about. Strelka Stories was supposed to be a 15th anniversary release for the company, but they never revealed anything after its announcement.