My guess is that when Blizzard caught wind of what SOE was doing with EQNext, they decided they'd pull back Titan for the meantime since for now they can continue reaping the fruits of WoW. When the time is right they'll put out a much more polished version of World of EQNextCraft. Just as they took Everquest and polished it with some specific changes to create WoW, they'll take EQNext and learn from SOE's mistakes once again. Why? Cause they can.
What does this mean on SoE's end? They can't afford to pull another EQ2. Don't release the game until it's ready to be released, until it's really completed, working as intended, and fun.