Hey @RJISAGAMER! We are wholly dedicated to supporting the live game, and made the decision to stop Steep development on the Nintendo Switch platform to focus on bringing new live content and challenges to Steep players instead. We’ll have more exciting news to share soon.— Steep (@Steep_Game) August 9, 2018
I guess that's another way of saying the game is cancelled? If development has been stopped, I doubt Ubisoft is going to pick it up again at some point. I think we all knew this would be the case, but at least now we have a confirmation.