If Shenmue goes to anything PS alone I'm done with it. I started that epic shit when it 1st came out and got left on a fucking cliffhanger for the 2nd. I'm still pissed

idk, to me that sounds like he doesnt intend on doing it.  It would be nice to see it happen, but i wouldnt bet on it.  Shenmue fans seem to be loud if both Sony and Microsoft has commented on it so to me this would be one of those games that Sega would have to go out and make, maybe multiplatform.  Though if Microsoft or Sony gets it exclusive at least it exists

Phil has made it pretty clear, he is not interested in making ip's not owned by them any further. shenmue is not going to happen, best to move on.

I was just reading on the crowd funding actually, which was said just last year of march.  So that would likely be what happens if it happens.  

Shenmue III History

Shenmue III is a cancelled (or rather, it has been in a long-term 'pending' state) continuation of the Shenmue saga starting at Chapter 7 and continuing to an unknown later chapter of the 16 chapter saga.

Shenmue III was originally planned to be developed for the Dreamcast but due to the dwindling sales of the console and its games and the huge losses Sega incurred between 1998 and 2001 (at 2001 losses hit an all-time low of approximately 51,750,000,000 Yen) it did not seem financially viable for Sega to develop a sequel to a game that cost $70,000,000 for a console that was no longer profitable. However, of the $70,000,000 budget the developer had spent the budget on all the research and resources necessary to create all the further installments of the Shenmue saga, in fact the Shenmue story was already finished and planned out, the research for all further titles is complete, all the character design is complete and there are still many hundreds of gigabytes of uncompressed textures ready to be ported for development on any console the developer would be creating Shenmue III for.

Over the years since Shenmue II it has been stated that development on Shenmue III has begun or was to begin multiple times and Sega have given fans reason to believe a sequel may still happen, they have revamped the shenmue.com website, talked about Shenmue III and posibilities for the future of the series during development for the now cancelled Shenmue Online and have included the series main character Ryo in the 2009 game Sonic & Sega All-Stars Racing.

As of 2010 representatives of Sega have stated that though there is clearly a fan-demand for Shenmue III they don't have any plans for Shenmue at this time. On the 3rd March 2013, Yu Suzuki said at a Monaco game show, that he wants to crowdfund a new Shenmue 3 game.

http://shenmue.wikia.com/wiki/Shenmue_III

Watch Nintendo get Shenmue III as exclusive to Wii U... xD

Oh, Shenmue. More than twelve years and Ryo is still in that cave.

Honestly though, I don't care that much about Shenmue since I never played the other two...

Damnit Wright spoiler alert plox  

I'd be very cool with this scenario