Despite Sony's denying it, The Last Guardian has been cancelled.

[Maraccuda]

kupomogli said:

Maraccuda said:
Not cancelled, just in infinite limbo.

Yeah.  Silently cancelled and infinite limbo is the same thing.  They stopped working on it, but didn't really cancel it.

Well I suppose they are similar but being in limbo means it might return again. I mean we saw some footage of it so many years ago.

But yeah I wouldnt hold my breath on a release date for it anytime soon.