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So we all know about the rumor of The Last Guardian being cancelled and shortly after Sony denying it.  Do you really believe it's not cancelled though?  Do you really believe that The Last Guardian has been in development for seven years despite seeing nothing more than that one video back in 2009?  Haven't you noticed that Sony never brings up The Last Guardian except when they're questioned about it? 

Imo, The Last Guardian has been silently cancelled long ago and Sony is still keeping up with the charade that it's in development in order to keep the hype going, keep people interested in their console.  I mean they didn't ever say it was going to move over to the PS4, that's just the assumption that everyone has made.  Sony is in the lead right now, but I think Sony is waiting until the PS4 is in a much better position to officially announce the cancellation or they may keep making excuses year after year to avoid having to announce it. Announce it when your console is dominating, and it really doesn't matter.  Announcing it now when they have no games on the PS4 would be bad.

*edit*

This isn't because they didn't show it at this E3.  I don't think they're ever going to show it.  Except for an incomplete game, I don't think they have anything to show.