Sony says, “The Last Guardian still lives.” Although Sony’s Tokyo Game Show press conference had no sign of Team Ico’s The Last Guardian, they are promising that it is still in development. The game was first announced in 2009, and the fans still continue to wait on its release. Development has seen some trouble with creator, Fumito Ueda, leaving Sony, and rumors that Sony’s North American studio is also working on it.
Sony has also confirmed, amidst rumors, that The Last Guardian will indeed be a PlayStation 3 release and has not been shifted to the PS4. A developer that wanted to remain nameless, said that although Fumito Ueda is no longer with Sony, he continues to work closely on the project, also stating that The Last Guardian was probably announced way to early. This unnamed developer also added that Sony is becoming more reluctant on talking about games unless they are closer to their release date.
Source: Kotaku