We've yet to see an official announcement but between this
article on VG247 and some other information we've seen it looks like CD Projekt has terminated
The Witcher: Rise of the White Wolf. The game was going to be a port of the excellent PC game but it looks like the game (along with another unannounced Witcher IP) have become the latest victims of the current economic climate. This is disappointing as the game was starting to round into shape and a lot of people (including myself) were looking forward to playing the game.