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the-pi-guy said:

Why wouldn't it? Naughty Dog is using the same engine for PS4 and they stated that they are already using high resolution textures ready for PS4.  The biggest concern would be to overshadow their recent PS3 release, it may cut it's legs short.  On the other hand, a lot of people have asked for a PS4 version of TLoU and a lot of games are being released on both PS3 and PS4.  


The game wont be as relevant around the release of the Ps4, so yes, it will be overshadowed. I doubt they would want to waste their time and resources for something that would probably not sell enough to make a profit.