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It looks like the Might & Magic franchise is once again dead. This is evident by the fact that Ubisoft Montreal, the development studio behind Might & Magic Showdown is killing the servers for the game at the end of July and has already made it so that nobody else can purchase the game through Steam.

Might & Magic Showdown was available through Steam Early Access for $19.99 (USD) since mid-January 2017. This means that the game has had the ability to be sold to consumers as an Early Access title for the past six months. Such are the dangers of Early Access, though one really wouldn't expect to encounter something like this from a major development studio.
Hello Heroes,

We regret to announce that Might & Magic SHOWDOWN will be shutting down on July 31, 2017, ending our Early Access period and ceasing server support. As a result, the game will be inaccessible after this date.

We wish to convey our sincerest gratitude to you, our dedicated players, who have helped us navigate the management of an Early Access campaign – because of you, we have learned a great deal about how best to serve you and we hope to carry these learnings forward into future Ubisoft projects.

We also owe a very special debt of gratitude to our Might & Magic fans who accepted this new take on the universe. It has been our pleasure and honor to deal with one of gaming’s longest lived communities.

Effective immediately, Might & Magic SHOWDOWN will be removed from the Steam Store to prevent further purchase of the Early Access license. The game will remain in your Steam Library, but server support will end on July 31, 2017 and the game itself will become inoperable. In an effort to ensure that we abide by our players’ expectations of the Early Access model, we will be offering full refunds to players who feel they are owed them until July 31, 2017.

Thank you Heroes.
The Might & Magic SHOWDOWN team

Today's news comes just a couple of short months after "UbiJimothy" made the following as a comment in a Might & Magic Showdown announcement from back in May. In it, he promises that development on the game will continue and that the game won't be abandoned.

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Yeah, about that...