767X - The Boeing 757 Replacement?

How to replace the Boeing 757 and 767 has been one of the most talked about topics over the years, and when it was revealed there was a 767-XF study to make the 767 a more efficient plane and extend its life by re-enging the series, alarm bells started ringing. What happened to this study, why didn't it release and would it have been the perfect 757 replacement?

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