It's just an excuse, though. TVB have shown no interest in doing wuxia over the last few years, and pretty soon they won't have the supporting cast to pull it off...
True, I can't remember the last time TVB did a proper wuxia series. And I can't even imagine the current actors playing wuxia roles.
The Four was many many years ago, and was their last wuxia effort. It was really good, though. I personally loved the Four and Face to Fate, but TVB obviously thinks that it's too much effort.
TVB has been on autopilot with its formula for years and years. Even in the great "Golden Age" of TVB during the 1980s, it was still very formula-based, but back then, *within* the formula, it did try some original ideas and had good enough actors to keep interesting. I don't think TVB has really tried in years.
which is why TVB cannot let HKTV take off at any cost.... With ATV no longer filming serials, TVB will retain a monopoly over the Cantonese serial industry regardless of its mediocrity as long as HKTV does not get its license. China's Mandarin serials are not really competing for the same market.