THQ has revealed that it has cancelled the Xbox 360 version of The Sopranos game. Previously announced for PS2, PS3 and Microsoft’s next-gen console, the mafia game is now a PS2 exclusive scheduled to hit stores later this year.

As for Scarface, Vivendi today announced that a PSP game based on the classic film will be released later this year. Dubbed Scarface: Money. Power. Respect., the game is in development at Farsight Studios, and unlike Radical Entertainment’s upcoming console game, the handheld offering will combine turn-based strategy with real-time combat.

The game will parallel the events of the movie, taking a different approach than The World is Yours. It will offer a single-player campaign as well as four-player wireless matches when it ships this October.

HBOs critically-acclaimed series The Sopranos is headed to consoles, as per an announcement by THQ. Currently under development, the game is being designed to evoke the atmosphere, action and conflicts of the hit show. It is being backed by the cast who will lend their voices and likenesses to the game, including James Gandolfini as Tony Soprano.

The Sopranos is scheduled for release this Holiday season for the PS2 and Xbox 360.

A mob war is brewing as Philadelphia’s and New Jersey’s most powerful families are about to collide. As the illegitimate son of “Big Pussy,” you have been born into the organization and are now being given an opportunity to demonstrate your loyalty to Tony Soprano. As a soldier you must earn money on collections, protect your turf through intimidation, and gain admirationwithin your own family to move up in the ranks of the organization. Carry out orders from Paulie, Silvio, Christopher and Tony in familiar locations such as the Bada Bing!, Nuovo Vesuvio’s and Satriale’s. Storyline collaborated with show creator David Chase and voiced by the show’s key cast members.