Out of all the things Capcom has canceled in recent years, this one stands out among the others, being a First-Person Shooter with the Blue Bomber strapped on it.
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Source:
http://www.polygon.com/2013/4/9/4179628/mega-man-fps-maverick-hunter
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In 2010, Capcom tapped the talent behind Metroid Prime to bring Mega Man into the modern age — only to have the game suffer the fate of similar recent attempts to find a new audience for the 8-bit hero.
The game would have stayed true to core Mega Man X gameplay concepts, re-imagining his X-Buster arm cannon, his dash and his ability to appropriate the special powers of his fallen enemies. Platforming elements, including X's wall jump, and classic Mega Man X characters would have been re-imagined in new ways.
Unfortunately, Armature's Mega Man first-person shooter, Maverick Hunter shared the fate of the Blue Bomber's other recent projects — Mega Man Legends 3, Mega Man Universe, Mega Man Online — and was canceled before the public ever had the opportunity to see it.
Source:
http://www.polygon.com/2013/4/9/4179628/mega-man-fps-maverick-hunter