I wonder if they're doing the Xenoblade remaster/remake/whatever in-house, or if it's being handled by another studio like Twilight Princess HD or Link's Awakening.
We know they're helping out with BOTW2, plus working on that new game they teased back in 2017.
I think we might see it this year and released later this year or early next year. They have been working on it for a while now and we know it's not cancelled since it's still on their website. It looks really interesting and i think we have a good chance of seeing it this week (if the direct happens ofc).