Xbox head honcho Phil Spencer shed some light about the 30-minute gameplay video of GoldenEye 007 that recently made rounds online, explaining why it's not going to happen anytime soon.

To clear things up, the clip of the Xbox 360 remake was quick to spread around the internet, as many fans of the game were keeping their fingers crossed for it to materialize. Needless to say, everybody was sad that it didn't go official.

Twitter user Shahnoor Ali asked Spencer whether it really went under development. Responding to the inquiry, the executive didn't exactly clear everything up, but he did say that launching it on new platforms is a "rights issue."

Interestingly enough, Eddie Makuch of GameSpot points out that this may also explain why it wasn't included in the Rare Replay compilation, a package that consists of 30 classic games from 1983 to 2008 such as Jetpac, Atic Atac and Banjo-Kazooie: Nuts & Bolts, to name a few.

How does this add to the mix? Well, it appears that Rare was working on GoldenEye 007 for Xbox Live Arcade between 2007 and 2008, according to Unseen64. As everyone can see, it didn't pan out because James Bond rights holder Activision struck a deal with Nintendo to publish it. In the end, the project was cancelled a couple of months before the game was supposed to launch.

Before wrapping things up, check out the awesome gameplay video below to see what could've been but didn't.

In other related news, the Xbox Live Gold free games for September have been revealed recently, and it includes Earthlock: Festival of Magic, Assassin's Creed Chronicles: China, Forza Horizon and Mirror's Edge, not to be confused with Mirror's Edge Catalyst.

On top of that, Call of Duty 2 also joined the Xbox One backward compatibility list, and it's available free of charge for those who still own an original disc.

With all said and done, are you one of the disappointed fans who still wishes that GoldenEye 007 for the Xbox 360 would pull through? If so, feel free to hit us up in the comments section below and let us know what you think.

Hat tip to GameSpot for spreading the word and bringing the full report to light.

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