No, it doesn't blow out the opportunity. The thing is, Mirage the company that owned TMNT was going to make a new movie in the franchise, possibly using the same people who worked on the puppetry of Where the Wild Things Are for the movie (although that was only in rumor or say-so seemingly). The movie is still being produced, just now under Nickelodeon, a Nickelodeon Film.

TMNT has been active for a while...especially with the upcoming Turtles Forever that was SUPPOSED to come out fairly soon from 4kids, a crossover animated movie of the 2003 series and the 1980's series, plus the ongoing cartoon (which has gone downhill) plus the video games released recently and the one coming out for the DS, this was a rather horrible time for Nick to basically cancel all of those projects out which they most likely will. Also the Mirage comic series isn't finished either.