The RPGDot link has been slashdotted, but here is where I found my original information.
Lou won't be happy. Fallout 3 has been shelved.
The information comes from an unnamed Interplay source, who says 'Any time you see the [Black Isle] logo on a future product, know that no one who was associated with BIS actually worked on it', as well as a post by BIS employee Damien Foletto on the Interplay message boards, who adds: 'The non-announced [PC] title that the division was working on, Fallout 3 [aka Van Buren], has been 'shelved', to quote management.'
That's just too bad.