I know that this game never been released in Asia region, but there are some weird rumors on this topic...

So my questions for the collectors are:

1. How likely is the existence of the game which not listed at the Sonyindex.com ?

2. Could  the developers and/or distributors began the work on the game that was supposed to Japanese release in 2001 year (year of the Snake)? If yes, so in your opinion, why they left this work?

3. What do you know about Sugar & Rockets? According to the rumors, this company took over the development of Japanese version ('Spyro: Doragon no Toshi') after getting the request from SCEJ.

I'll appreciate any ideas on this subject. Thanks for answers!