Train2Game students will be aware that Peter Molyneux is one of the most respected figures in the industry…and he’s just announced he’s leaving Lionhead of Microsoft.

Despite leaving the studio he co-founded and parting ways with Microsoft, Molyneux will still finish his upcoming Kinect title Fable: Journey.

“It is with mixed emotions that I made the decision to leave Microsoft and Lionhead Studios, the company that I co-founded in 1997, at the conclusion of development of Fable: The Journey” Molyneux told Kotaku.

“I remain extremely passionate and proud of the people, products and experiences that we created from Black and White to Fable to our pioneering work with Milo and Kate for the Kinect platform.

“However, I felt the time was right to pursue a new independent venture. I’d like to thank the team at Lionhead, as well as our partners at Microsoft Studios for their support, dedication and incredible work over the years.”  said the influential game developer.

Molyneux is to set up a new company, 22 Cans, alongside former Lionhead CTO Tim Rance. Lionhead will now be run by Molyneux’s fellow studio co-founder Mark Webley.

“As co-founder of Lionhead and an integral part of Microsoft Studios, Peter was the creative visionary behind the blockbuster Fable franchise, and one of our most passionate and influential developers for the Xbox 360 platform.” said a statement from Microsoft.

“He has made an indelible mark on the games industry and we wish him all the best of luck in his future endeavours.” it added.

The Train2Game Blog has previously reported that Peter Molyneux belives the industry should put more focus on up and coming talent. There’s more wisdom from the now former Lionhead man, right here.

So Train2Game, what are your thoughts on Peter Molyneux leaving Lionhead and Microsoft? What are your favourite Molyneux moments?

Leave your comments here on The Train2Game Blog, or on the Train2Game forum.