Sony Worldwide Studios' Shuhei Yoshida has spoken out to clarify the current status of the long-delayed project from Team ICO, The Last Guardian. According to Yoshida, the project was never on hiatus, contrary to statements made by SCEA's Jack Tretton.
"Hiatus, I never... It was Jack Tretton!" Shu told GamesIndustry. "He used that term, and I said no, hiatus is misleading. It was a hiatus in terms of releasing new information. The game has never stopped - the team has always been here. They're going through the re-engineering of the game, so the team size is smaller, because it's more engineering focused right now."
So there you have it. The beast that Sony is unwilling to kill off just yet remains alive and under development. Will it be a PlayStation 4 title at this point? Almost certainly... so long as it isn't pushed to PS5.