A new job posting indicates that Arkane Studios hasn't given up on yet.

Source: https://gamerant.com/arkane-redfall-combat-designer-job-listing/

Arkane Studios’ Deathloop injects the thrilling open-ended, action-stealth gameplay from the Dishonored series into the framework of a time loop, offering up 2021’s most inventive first-person action game.

Source: https://www.samfordcrimson.com/the-15-best-ps5-games-to-play-right-now-2023-01-03.html

Because it's an Arkane Studios game, the player can expect a variety of ways to play the game, and multiple endings as well.

Source: https://www.cbr.com/xbox-game-pass-best-single-player-games/

It’s also a great reminder of what Arkane Austin is capable of, or at least was before the development process for live service vampire shooter reportedly led 70 percent of the staff that made Prey to leave the studio.

Source: https://kotaku.com/amazon-prime-day-free-prey-redfall-overwatch-2-diablo-4-1850570632

Updated April 17, 2023 by Mark Sammut: Recently, Arkane announced that Redfall will be capped at 30 FPS on the Xbox Series X/S at launch, which has understandably attracted a fair amount of criticism.

Source: https://gamerant.com/xbox-series-x-best-optimized-games-4k-60-fps/