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I don't understand why some people think they're actively lying. Does anyone believe that TLG (or whatever they call it) is such a hotly anticipated title that Sony wouldn't dare to reveal it had been canceled? If that was the case wouldn't they be developing it anyway, given all the money such an anticipated title would make? :p

I'd guess what happened is TLG started with a relatively small team on the PS3 (i think SotC started with 35 people?), development was then paused/delayed for whatever reason, and then later moved to the PS4.