Well I know for a fact that the album got cancelled because while they were in the studio John recorded the fastest guitar solo ever known to mankind. However this created an unbalance in the space-time continuum and John reverted back to his baby form.
The other guys then asked Mike if they could wish him back to his adult form with the help of his genie powers. He said that it would be possible, but since we're talking about John Petrucci he would need to channel Jordan wizard's power to increase his magical abilities to a sufficient level. This plan unfortunately failed as the spell fizzled, draining all of Jordan's power and turning Mike into a tambourine.
James and Jordan then realized that, in the chaos, John Myung swiftly fled with baby John. He only left a note saying: ''...''. They both understood that Myung had brought baby John to his secret ninja training ground to raise him as a ninja for the next few decades. Seeing as the band was basically over at this point, James offered the Jordan a place amongst his pirate crew. They were last seen riding a forklift towards Canada, with James rocking a tambourine in 19/16 over a bar of 7/8.