As reported by GamesRadar

After the cancellation of Mega Man Legends 3 and the Blue Bomber’s exclusion from Ultimate Marvel vs. Capcom 3, many have been wondering if Capcom had completely given up on their popular robotic hero. It seemed like they were going out of their way to leave him out of things, hoping that gamers would simply forget their love for the classic character and move on. Some wondered if, to put it bluntly, Capcom was in the process of “killing” Mega Man - a fear echoed by many fans. According to Capcom’s Christian Svensson, this isn’t even remotely the case.

During a Q&A, Svensson directly addressed the concern that the publisher was dropping support for the character. “Oh, absolutely not,” he said, explaining that Mega Man is still a very important brand for Capcom, and one that they will absolutely continue to support in the future. “I wish I had something I could hold and display for you that that’s the case, but I don’t right now. But super, super important to us; I do want to express that.”

Nice use of the backpedal, Capcom.

Yeah, people are absolutely stupid for thinking that Capcom would just kill a series that still has tons of fans that could be milked. Expect Mega Man X: Maximus Lucrativity Edition in the future.

Yeah, I don't see what could make anybody think that They would kill Mega Man
_{Other than Universe & Legends 3 being cancelled and having temp bans on Mega Man talk on the Capcom-Unity forums}

If they wanna convince me he isn't being killed off then let's have a Mega man game that actually gets released.
They can't go wrong with more games in the classic style. If it ain't broke don't fix it.
If anymore games do get announced I'll be skeptical until I see it on store shelves though.

Again, we need a Mega Man Cycle picture.
-Announce Mega Man game, hype fans.
-Talk about awesome features and dedicated development
-CANCEL IT

I can't help but think this is the end of the Blue Bomber. It's sad, really. I have to agree with Link79 though.

Oh my god you guys are overreacting.

Capcom cancels a game from an obscure spin-off series that hardly anyone cares about (Mega Man Legends), and you say they are killing Mega Man.

And I'm somewhat glad Mega Man Universe was cancelled. Though I enjoyed the concept of Universe updating Powered Up's level editor, the game itself looked horrible. The art design was atrocious, and the graphics were some terrible hybrid of 8-bit meets 3D. No thanks.

Mega Man 9 and 10 would have been perfect if they had included level editors, and you could create your own "Endless Attack" mode by chaining levels together.

Mega Man 11 please.