IGN: The Last Guardian Officially Cancelled! Edit: Not Cancelled? IGN Lied?

[Lafiel]

curl-6 said:

Ka-pi96 said:
If it isn't cancelled it probably should be by now.

I shudder to think how much money they've sunk on it if they've been paying Team Ico to twiddle their thumbs for 9 years.

I doubt it's an enormous sum compared to similarly prestigious projects. Team Ico isn't a large dev team and the biggest part of exploding "AAA" game budgets seems to be marketing costs.