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Everybody is worried about this game's development time/release date, but has no problems with Shenmue 3's goal of 2017.
Shenmue is a game not even set in stone, Yu Suzuki is going to decide on the game based on the amount of KS money invested. He has already stated that he is hoping for 10 million to get the game he wants, 2 million will only cover the most basic version). This game is also going to be built from the ground up, by YS.net which has one game to their credit (Shenmue World) that was a mobile game only released in Japan, and still unknown help from Sony (Money/Developers, etc..)

Who knows how long this game has been sitting on the back burner, I think what is surprising people is that MS announced games, feature, and products that no one even predicted or thought possible.