Sony still confirms that The Last Guardian is in development.

[Rafie]

Lafiel said:

Rafie said:

Oh yeah most certainly a 2016-17 title, if that! LOL The Last Guardian has been on the butt end of everyone's jokes lately for upcoming games. It's like with they hype it had and all of "we're still working on it" comments, Team Ico better bring it with this game. I mean it has to blow people away or it will be shunned. It can't be mediocre in the least or it will be deemed as a failure. Worse over, Sony could lose most of their fanbase to Microsoft or Nintendo with this. Soooo a lot is riding on this game.

haha no, I think you are waay overstating the importance of the game - if they canceled Uncharted 4, released Bloodborne as an unplayable mess and GT7 with very little content while asking a lot for day 1/on disk dlc then Sony could lose a sizeable amount of it's fanbase, especially if Quantum Break, Scalebound, Halo5 and more surprise games turn out to superb and release very soon (I feel there is less overlap in interest with the Nintendo fanbase)

sure a possible botched TLG will be used as ammunition in a few forum fights, but hardly anyone would take notice

I think you're missing what I'm implying here. This game alone has generated hype, then it died down as it got pushed back. Although some people don't care for the game, a lot of folks do. The fact that THEE only upcoming PlayStation game that has been announced to death and still no coverage is speaking to Team Ico's credibility. Since this is one of Sony's studios, their name is on it. If this "over-hyped" game doesn't deliver on stellar proportions, then yes it could spell SOME doom for Sony.