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Crash Bandicoot is one of my favorite franchises. What's the latest on Crash Bandicoot as a game? The last I remember is Activition taking Crash Bandicoot off of their website and then denying Naughty Dog to include Crash Bandicoot in a fan art compeition. The whole situation leaves me puzzled.

4/3/2015 search result on Activision.com:

This is the latest from wikipedia:

Future

On a Kotaku interview with Activision CEO Eric Hirshberg regarding the future of the Crash series, he said, "I don't have anything official to announce, but I can speak as an individual, I love Crash Bandicoot. Those were some of my favorite video games growing up. And I would love to find a way to bring him back, if we could."[27] Andy Gavin, co-creator of Crash Bandicoot, has said that he would love to see a HD version of the marsupial's first four games, or even a full blown reboot.[28] Jason Rubin, co-creator of Crash Bandicoot, said he is hopeful that Activision will "Bring Crash back to their glory days and that the character is still very dear to fans between 18–49 years".[29] A new design of Crash Bandicoot has been spotted in a photo from the Vicarious Visions's studio, raising rumors that a new game might be in development,[30] though this was later confirmed to be concept art from a previous Crash Bandicoot cancelled game.[31]

In June 2013, co-creator Andy Gavin suggested ways to revitalize the series. "Crash needs a total reboot. There's an opportunity to reset the history, and go back to his creation story and the original conflict with Cortex. In that context, you could reprise classic Crash1 and 2's settings and villains. It would make sense to use a more modern, free-roaming style. I would concentrate on Looney Tunes-esque animation and really addictive action. That's what we did with the original Crash, and there's no reason it couldn't be done today. Given the current Crash games, people forget that he was once cool. Our Crash had a certain whimsical edge to him. Sure, it was goofy – but it wasn't dumb.".[32]

In November 2013, rumours began circulating that Sony bought the rights to the franchise from Activision.[33] Speculations have been fueled after the release of PlayStation 4's #4ThePlayers campaign, featuring a road sign of a bandicoot, with an arrow pointing towards the orange diamond logo of Sony Computer Entertainment.[34][35] It was also noted by publications such as IGN that Crash had been removed from Activision's official website,[36] which would seem to add further credibility to the rumor. However, shortly after, an Activision representative told Game Informer that "[Activision still owns] Crash Bandicoot and we continue to explore ways in which we could bring the beloved series to life".[37]

In July 2014, Sony Computer Entertainment CEO Andrew House revealed that reviving the Crash Bandicoot series is something that they have been thinking about, saying "It's never off the table.", and Naughty Dog also revealed through an IGN interview the possibility that they may revive both the Crash Bandicoot series and the Jak & Daxter series.[38]