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Dead Phoenix was a planned video game that never materialized. It was one of the now-infamous Capcom Five — five Nintendo GameCube exclusive titles developed by Capcom for the Nintendo system, which also included Viewtiful Joe, Resident Evil 4, Killer 7, and P.N. 03.
Very little is actually known about Dead Phoenix. The game was cancelled before sufficient development had taken place, so details, such as those regarding the story or gameplay, are virtually unknown. It was said to be set in a somewhat mythical world, full of demons, and dragons. Early screenshots show the player character flying through large open ended environments and doing battle with numerous monsters.
Although the game was canceled, rumors of it being brought back into development are common within certain circles of gamers, including a persistent rumor that it will be developed into a next-gen version of Kid Icarus. The rumor likely started from an IGN article covering Gamecube rumors that specifically brought up this possibility. Capcom has refused to comment on the possibility of its resurrection, which is currently unknown[1].
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