Here we go again.
Sony has spoke out to reassure gamers that The Last Guardian is not dead, but rather "under earnest development." SCE's Fumito Ueda shared the news with Famitsu, going on to add that Japan Studio "also has titles like Puppeteer and Knack, and those are only the ones currently announced. Those are taking priority right now."
At this point, if The Last Guardian ever does come out, one would think it has to be a PlayStation 4 title, right? Who knows, if Studio Japan stays busy enough, the game may end up getting pushed to PlayStation 5.