A few weeks ago I got to witness one of those grand moments myself. It wasn't anyway near as dramatic, and I'm pleased to report not quite as messy. Tucked into a quiet meeting room in San Francisco's Moscone Centre, I was given a small private audience with Yu Suzuki, the visionary producer who made his name with arcade classics such as HangOn and OutRun before cementing his status with Dreamcast adventure Shenmue.

It was a slightly odd sensation to learn, through Suzuki's comments, that Shenmue 3 is more than just a dream. Suzuki said more than I'm able to fully disclose, unfortunately, but it became clear it's as close to being announced as it has ever been over the past decade.

Full Source: http://www.eurogamer.net/articles/2014-04-12-i-never-want-to-play-shenmue-3-half-life-3-or-the-last-guardian

If it get's announced E3 is as good a place as any to do so.

"I never want to play Shenmue 3, Half-Life 3 or The Last Guardian"

I just want them announced.

Awesome, just 50 more years to ago and we can finally have a release date!

xbox one exclusive.

gains microsoft attention in japan and to the dreamcast oldheads, and shenmue 2 was on the original Xbox. Makes too much sense

Phil Spencer did mention Shenmue 3 is the biggest request he gets from fans. Maybe MS is funding it?

So not close at all? Thanks Sega.

He did, he did

I think that Shenmue 3 demand is blown completely out of proportion thanks to the internet. Looking at sales of the first 2 games I can't help but think that an AAA Shenmue 3 game in this time and day would be nothing but a financial disaster.