It's called Cut Away, and whilst the only info they have on this mysterious title is an advertisement, its always interesting to learn of hitherto unknown games for our beloved undead console. From the promotional artwork shown, it appears that Cut Away may have been an FMV adventure in the style of D or Torico, but after a quick snoop around on Google I found this article giving more info about how the game may have played:
"As a third person adventure, the gameplay will unsurprisingly be similar to both Capcom's Resident Evil and Pulse's Undercover. While specifics are still being kept under wraps, it's clear that the story will take place in San Francisco. Plenty of CG movies are promised, as is an intriguing story to keep you on your feet. Speaking of which, bombs have been planted across the city by terrorists. As the hero, it's your job to stop them from causing complete and utter chaos, whatever the cost may be!"
Sounds a little too much like a press release to be truly helpful, but then again it's the only real info I could find on this highly enigmatic piece of vapourware. Curiouser and curiouser...