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In 2006, Yu Suzuki said that the story of shenmue will be finished trough games.

A few weeks ago, he told a journalist of kotaku (I don't remember exactly)

that Shenmue online was frozen but not cancelled.

 

Chapter 1 to 6 = several years

The final ten chapters will be more difficult and long to create...

And it will need AM2 + amusement vision (who helped yu suzuki team)... not realistic in a few years.

But may be in five or ten years when Sega will have solid profits. (it's not the case actually)