Well, it seems like Eurogamer got it spot on, Guitar Hero – and indeed the reasonable looking True Crime – are no more as Activision’s accountants wield the axe. Apparently the peripheral heavy series just isn’t cutting the mustard these days.

“Due to continued declines in the music genre, the company will disband Activision Publishing’s Guitar Hero business unit and discontinue development on its Guitar Hero game for 2011,” explain Activision in their financial report.

At least they do state their continued support for Bungie’s new project, Blizzard’s range and of course the cash cow which is Call of Duty, which will march ever onwards.

Are we to mourn Guitar Hero? Well probably not too much, let’s face it, the franchise had run its course and short of developing some truly expensive peripherals – the route which Rock Band has gone down with it’s authentic 100+ button guitar – the series really has covered everything it ever really had to offer.

I’ve also a sneaking suspicion that while this might mean the death of GH as a console game, Activision will still be looking into packaging a guitar peripheral which plugs directly into your TV, providing your rock fix without the need for one of those pesky games consoles – if you’re Activision, who needs a middleman?