To note, I have not seen Cowboys Versus Aliens but I knew they had some decent effects and the budget for that film was $ 163 million. I can't imagine the effects would be more for The Lone Ranger unless the cast and crew cost are that much more.
Crap, tread this in the article:
"Halting tentpole movies is certainly is happening with more regularity in Hollywood lately. Universal recently halted production on a version of At The Mountains Of Madness that Guillermo del Toro was going to direct"
I know it was going to be a niche interest group film, but I was really looking forward to seeing this one. Dang!