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For argument's sake, let's say that this isn't more bullshit - that one of the above is, in fact, based on truth (I'm not convinced, mind you, but for the purposes of discussion).

#1 seems an easy gag, and refers to a transformation we've not seen (unless Banjo falls in love with her skull). Moreover, it just doesn't seem like an interesting game.

#2 is clearly a BK Galaxy gag, and if true would mean Rare had lost it's sense of shame along with its talent.

#5 seems to be a jab at the conventional view of the 360, its library and its players. Again, I hope it is not true, mostly for Rare's sake.

Now, I can see 3 and 4 as at least remotely plausible, to one degree or another.

#3 was essentially the plot of the GBA game, and TIT is more in line with Conker. Unless they are trying to recreate BK to appeal to a more "mature" crowd, it's got to be a gag.

That leaves #4.