In today's interview with Games Industry, Shuhei Yoshida made a few statements regarding the PS4, it's competition with Microsoft and indies. The interview ended with a couple of statements regarding The Last Guardian, a game that many may have given up on. While Yoshida didn't say much, he did reaffirm that this IP is not dead.
So, we're waiting for the right time to re-introduce 'The Last Guardian' in an appropriate way. I can't...Well, the game is in development, and it's well staffed, and Ueda-san is here, working – even though he's not a Sony employee, he's dedicated to the product. But we're not ready to update yet.
Yoshida wouldn't give further details, such as which console Sony plans to release this title for. He also stated that Jack Tretton's statements regarding the game's 'hiatus' were misleading. Development on the title never stopped. The only hiatus was regarding the release of new information. He mentioned that the current team is re-engineering the game, which one could speculate means it'll appear on a new console and presumably on a new engine.
For those who may not have heard of The Last Guardian, the title was initially revealed with a trailer about four years ago. Since then, updates and information have been rather slim. Nevertheless, this seemingly forgotten IP still managed to gain a following and has been something that Sony fans have continued asking about, even years later. Here's hoping it'll come to life on the PS4.