The new Director General, Tony Hall, has had to recognise this project as a failure and put it on the books. No doubt the conservative press are going to tear him apart for it but he's made a tough decision that had to be made. Continuing to pour money into the project would have left an even greater mess for somebody to take a bullet for later on.
There's a thorough analysis here: http://www.bbc.co.uk/blogs/aboutthebbc/posts/The-BBC-announc...
Sounds like that cost can't be blamed on Siemens - it was the in-house team's shift.
The BBC have been held hostage by Siemens for a long time due to a very restrictive support contract that basically froze their technical infrastructure in aspic for years.
It seems the integrity is less impressive when the controversy is closer to home (the people running the failed DMI project and the journalistic ends of the BBC are likely to be very far removed from each other) - see the Pollard Report.
Kudos to the guy willing to step up and say enough already, but yea... I would love to know more details.
Isn't this just simple game theory.
When you're on hold on the phone you get no value unless they answer the call, but until then you're spending your time and money waiting. What's the point when you hang up and choose to call again?
quote from http://www.bbc.co.uk/blogs/aboutthebbc/posts/The-BBC-announc... :
> The cost is so great because much of the software and hardware which has been developed would only have a value if the project was completed and we cannot continue to sanction any additional spending on this initiative.
I honestly want to understand.