Most gamers, ourselves included, were absolutely gutted when The Last Guardian was pushed back into an unspecified 2012 launch window. We thoroughly expected a new update at next week's Tokyo Game Show, but concerns about development troubles have been amplified by an announcement that the anticipated arty adventure won't be making an appearance.
Sony has now spoken out to reassure fans that development of the PS3 exclusive is still very much on track, and that Ueda-San is "hard at work to bring his lofty vision to life and deliver the very best gaming experience possible." They've also released the finalised box art for the ICO/Shadow of the Colossus HD collection if you're interested.
With any luck, Team Ico will at least have a new trailer for us soon. We'll take anything, frankly.