While it seems to have been put on indefinite hold in Japan, Ocean told GS News today that Mission: Impossible is still very much alive and will be hitting the N64 in June in the US. A playable version of the game will be unveiled to the press in a few weeks, at a special showing in Las Vegas.
Ocean's other N64 titles include the puzzle game Wetrix, a game called Space Circus from Infogrames, and Infogrames' Looney Tunes titles.