According to an anonymous news source at 1UP, Sega Studios San Francisco will be closing down, even as soon as today. The studio is (in)famous for a few flops including Golden Axe, Altered Beast, which didn't see a North American release, and the first Iron Man game. Their last project was the Iron Man 2 game, which has been completed, and will see launch despite the studio closure.
It shouldn't come as a surprise to many, considering the quality of games they have put out recently seem a little rusty, although it did look like they were going to polish up the second Iron Man title to more of a gold standard. Either way, we hope at least some of the developers have been transferred to separate studios.
Iron Man 2 releases this month for the Wii, DS, PS3, PSP and Xbox 360 and you can check out our preview here.