I think there's always more to such stories but rarely do the other parties know it. In my experience the biggest contributor to products dying is passive aggressiveness. If you're in a partnership where you don't feel you can air your grievances they'll just build up inside until you hit the last straw and everything explodes. I suspect that's what happened here.

On the upside, thanks to my Boss foolishly putting enough faith in this project to bet on it's eventual existence (and write several blog posts he's probably embarrassed by now) I'm now $100 bucks richer.