And then, the title fell off the face of the planet, along with any further info, until 2011, when it was revealed that the studio took a break from the development of the game to work on Rayman Origins.
However, Beyond Good and Evil 2 creator Michel Ancel has now confirmed that the game is still in the "active creation stage," but reiterated that it probably won't be finished during this console generation.
"We won't make promises that we can't keep," Ancel said in an interview (which was translated by NeoGAF). "We are in an active creation stage and at this moment we are only focusing on the game and making it the best game that we can."
"I can say that it's a very ambitious game and we need some tech to achieve that ambition," he added. "We focus on the game. We create it first, then we'll see what can run it. We don't say 2013 because we don't know when it will come."
It's been a near decade long wait as it currently is, so another year or two really can't hurt. It will also mean more time and effort is put into the title, making it the best it can possibly be. Here's hoping.