1) What happens to my character, skills and stuff?

If Project Legion becomes something more than a prototype, we will not leave our DUST 514 players behind. You would be able to bring your character name, applicable skills/inventory, and other elements of progression with you. We are still working on the details and we will have more to announce soon.

CCP Rattati: "You expect me to clean up this ****?"
CCP Logibro stares disapprovingly at the pile of imbalance and missing features.
CCP: "It's the PS3s fault"

You should read up on the history of gaming companies like Midway Games and such if you actually believe this to be true. To give you the short answer though if you don't want to look it up. Games get scrapped all the time even when they are nearly finished. And sometimes they get resurrected and people find out why it got canned in the first place like say Duke Nukem Forever.

Until Legion is actually released, there is no guarantee it will be released.

So your crystal ball says a company that aborts games regularly won't?

Are you aware that Eve wasn't the only game CCP has attempted to develop?

Based on past performances, companies typically want to release a game because releasing it is the only way to make money. I'm basing my statements on the idea that companies don't want to set fire to money; which I think we can both acknowledge is true.

They cancelled World of Darkness. It was never released due to layoffs and Dust 514 being developed at the time. If we hear about CCP laying off Legion team members then I will begin to worry, but I haven't heard of anyone on the Legion team being laid off since fanfest. Have you?