which basically delays it for at least another 2-3 years.

Yeah I say close Team ICO finally, SCE. If you close studios like Zipper, or Liverpool even though they make ACTUAL games, because you have to do some restructuring then fair enough but you should also close this clusterfuck of a studio, reassign those who are willing to stay and WORK to other Sony Japan studios.

Put the fans out of the misery, stop pumping cash into this endless hole of vaporware development and let's finally get this over with.

It's not like Team ICO are doing great games. Maybe they did sometime in the past, they are not doing them now, they are not doing them at all.

Wait...when was this announced for the PS4?

I remember that this game won some best of E3 awards in 2009. I was warned for trolling when I asked how they could know after a single trailer that did not tell much.

"The Last Guardian is on hiatus."

Translation: "The Last Guardian will never be released."

They are certainly pushing this for a PS4 release now. I think it would be the only way to bring more hype back for this game.