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shikamaru317 said:

Could it be that the game IS actually cancelled and Sony doesn't want the negative news weighing down their E3 showing? If that's the case, E3 will likely come and pass without The Last Guardian news and then sometime after E3 they'll make the announcement that it has been cancelled.

Just pointing out a possibility, not saying that is what is happening. Could easily be announced for PS4 tomorrow during the press conference. 

Doubt it, if that was the case they probably would have ignored this.  It would look really bad for them to say the game isn't canceled then only a month later say it is.