Miyamoto comments on future of F-Zero

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Locknuts said:
Fast Racing Neo is as close as we get. Not sure how that game is coming along though.

FRN is becoming Shin'en's Last Guardian, haha. It was supposed to be released last year, now it doesn't have any release window at all.

Last we heard was in an article dated 3rd December, where they said "We're in a good way though, we have something running and the gameplay is fine, so we just need to add content."

http://www.nintendolife.com/news/2014/12/interview_shinen_multimedia_on_fast_racing_neo_and_its_development_approach