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Someone on GAF mentioned that they hope Guerrilla wont let Killzone die, BruceLeeRoy said it's in good hands
http://www.neogaf.com/forum/showpost.php?p=205979744&postcount=2249
I've already said this a thousand times before, but I think Cambridge is taking over the Killzone franchise. They already adapted the Guerrilla name, have some experience with the Vita game and were hiring for a game which would perfectly fit a new Killzone game. It all makes perfect sense, unless you believe that Cambridge has been working on nothing but RIGS since September 2013, lol.
Shinobi also said that Shadow Fall is definitely not the last thing we've seen from Killzone http://www.neogaf.com/forum/showpost.php?p=205991083&postcount=2285

An announcement this E3 or Gamescom with a Q1/Q2 2017 release wouldn't surprise me a single bit.