There's a lot of news, so I distilled it into a few digestible pieces :)

• One year ago more than 80,000 fans funded the Yooka-Laylee kickstarter
• Over the past year the Playtonic team has tripled in size
• Edge Magazine on May 26 will have new details on the game
• Not ready to release day-and-date release plan, but close
• Yooka and Laylee’s adventure will take them deep inside the work halls of a baneful business, as the buddy-duo seek out the magical Pagies required to explore the mysterious Grand Tomes. The dexterous pair will seek to unlock the ancient secrets of these bewitching books, as they battle to thwart corporate creep Capital B and his devious scheme to absorb all of the world’s literature… and convert them into pure profit.
• Our ambition with Yooka-Laylee is to create a story and cast of characters that will live on as part of future Playtonic Games, so you can be sure there will be plenty of secrets, back stories and punch lines to discover when you join the Lizard and Bat on their epic adventure.
• Yooka-Laylee will introduce a roster of shiny collectibles with gameplay progression at their core (as well as other, more valuable materials). Tasty Butterfly Energy will refill the player’s health and the brand new power meter, which is designed to empower fun and challenging platforming gameplay while avoiding the all-too-occasional tedium of resource management 
• In their adventure through Capital B’s corporate lair, Yooka and Laylee will explore land, air and sea in search of Pagies and their power to unlock – and expand – the magical Grand Tomes held captive in Hivory Towers. Using the hundreds of collectible Quills discovered during their travels, the buddy-duo will purchase and unlock moves from the serpent salesman Trowzer, which they can choose to do in virtually any order that the player decides
• New characters: the hapless, multi-limbed scientist Dr. Puzz and her traitorous former colleague Dr. Quack
• The Toybox is coming - and we’re happy to finally confirm that the standalone gameplay experience will be available in July for Kickstarter backers who opted for appropriate tiers. So why has it taken so long? Quite simply, our plans for the Toybox have expanded beyond the web-based, single-room play thing we originally planned and it’s now a much more significant chunk of playable content. As promised in our Kickstarter campaign, the Toybox isn’t a traditional ‘demo’, but a self-contained, spoiler-free sandbox designed to give Yooka-Laylee backers a taste of the platforming to come in the final game. 

More news!!

Edge Magazine issues 294 is out now, with juicy Yooka-Laylee news. 

"Paying affectionate homage to its past without being a slave to it, Yooka-Laylee could well be the best N64 game you've never played" - Edge

Also, here's a first look at the traitorous Dr. Quack:

And hapless, multi-limbed scientist Dr. Puzz:

We're gonna have a Twoka-Laylee too eventually?! Dear God, that makes the wait even more painful.

Major excitement!

I backed the basic £15 tier of this myself  since I was sure I would buy it anyway and looking forward to the release along with more news about it on the 26th and with the studio already has a lot more staff to that could be providing extra polish and additional content or maybe the extra staff have actually already started on another game  as the hint to future Playtonic titles using the characters in other projects.

Argh! Don't know what happened. I'll remove them for now and add them back in when I'm at my computer.

This is the only game I've actually backed so far (though I did want to back Bloodstained), and so far it is looking really worth it. This is a team of veteran developers, basically all the best parts of old Rare, and they are proving to me that they are capable of making magic still. They've been just transparent enough during development to satisfy, and now I know the Toybox isn't far off either.

This is looking like money already well spent.

Has it really been a year already? It feels like it was just a short time ago. Anyways, I am so excited for this game! Can't wait to play it when it releases.

Playtonic is rare.
The old rare (they keep hireing more and more old rare people).

Yooka-Laylee looks fantastic.

Also a "battle to thwart corporate creep Capital B" (Bill Gates, Ballmer)?
Lmao.

Yeah, I thought about that aswell, but at least the name is smart, it's a Bee !

This pains me to say it but this game is gonna skip Wii u. I just hope it comes to NX otherwise alot off Ninty gamers are gonna be raging