I think LBP is hitting this year, despite the fact taht we haven't seen anythign on it yet.
They've sent out pamphlets to all stores advertising the "PlayStation Family". First off, on teh cover they show all three current consoles, with Sackboy standing to the side and some LBP concept art on the screen of the PSP. Then you open the pamphlet, and get to see games for all three consoles. Every single game in the pamphlet has either already been released (MLB '09, God of War: Chains of Olympus, Killzone 2, etc.) or is hitting this year (InFamous, MotorStorm: Artic Edge, Uncharted 2), except possibly LBP PSP. I highly doubt they'd lump it in with a bunch of current/coming soon titles if it wasn't hitting this year.
I expect a big unveiling at E3. Word is (though not 100% confirmed) Sony Cambridge is working on the title with support from Media Molecule!












