This will probably be the last PS3 game I buy if it surfaces (if it hasn't changed platforms). Article below ....

Devil's Third update: 'it's pretty well along,' says dev

The creator behind Devil’s Third has confirmed that the project is still very much underway following a long period of silence.

Speaking during the latest issue of Famitsu (via Polygon), Tomonobu Itagaki revealed that he is in the process of conversing with publishers in order to secure the game a release.

“It’s going along really well. We’re discussing things with publishers; we’re continuing to expand on and deepen the gameplay. That’s about the level we’re at," he said.

Quizzed as to why he hasn’t spoken about the game in detail recently, he replied: “That’s because we haven’t released any information. It’s like we’re continuing to go along under the surface, waiting for the right timing to launch our missiles. Besides, if we revealed where we were hiding under the surface, it wouldn’t be much of a war, would it?”

Finally, Itagaki-san was asked if the game would make an appearance at E3 2014:

“That’s part of the reason I went independent, after all. The game itself is pretty well along in development. I’m building upon the context I’ve created up to now to provide gameplay that will really surprise people. I’m not sure there’s really a game like this on consoles, and I’d like fans to know that I’m definitely building this up Itagaki-style.”

Devil’s Third was originally revealed back in 2008, and was due to be published by THQ. However, due to the publisher’s then-ongoing financial troubles, it was dropped from the line-up and it wasn’t long before the publisher itself went under.

Since then, Itagaki-san has been shopping around for potential publishers and has insisted the game will see a release at some point.

http://www.psu.com/a021888/Devils-Third-update--its-pretty-well-along-says-dev

Man, I almost forgot about this title.
Itagaki can make some pretty killer games (dead or alive, ninja gaiden) and I'm sure the devil's third will be just as awesome combat-wise.
I hope it comes out soon.

i hope itagaki knocks another one out of the park.  It's amazing how poorly his former team functioned without him.  I had no idea he was that important.  Imagine how other m would have been if he'd stayed.

Same here. It totally escaped me. He sure did a good job of going underground with it. I'm hoping he'll blow us away with it. I don't mind if it is only last gen systems - I just want to play it. If it's on PS4 even better.

Oh yea man. I went from being a Team Ninja fan to an Itagaki fan. He was clearly the core of that team.NG3 was an abysmal mess, and even the updated edition pales when compared to NG1 and 2. I'm hoping he does well with DT as well. Love his games.