Take 2 has officially dropped the College Hoops franchise. Here's what they told Kotaku:
2K Sports has decided not to continue negotiations with the CLC for the license for its top-rated College Hoops franchise, which would have been released next in November 2008. We are committed to providing fans with high-quality, critically-acclaimed sports games, but given our disciplined approach to the business, we do not believe the current discussions would result in an acceptable outcome.
Whether or not this has anything to do with EA looking for exclusive rights, like they have with the NFL, remains to be seen, but we think it probably has something to do with it.
I hate yearly sports games not having competition more than I hate the fanboyism that comes with competition...