"The Monk" is still a "go," at least according to the IMDB, which has a picture of VCDM as the title character.
Directed by Hong Kong kung-fu legend Ringo Lam (like Woo and Hark, came to the US and started making junk--like Van Damme's "Replicant"), it'll probably actually be finished and released to capitalize on the anticipated success of the upcoming "Bulletproof Monk," if for no other reason.
"Abominable," on the other hand, doesn't seem to have ever even started filming.