Good news! Team ICO boss Fumito Ueda is still "committed" to completing his work on The Last Gaurdian. We just don't quite know what else is going on.
Sony sent a statement in to IGN that said the following: "Ueda-san is in fact under contract, and is committed to completing his work on The Last Guardian." Everyone breathe a sigh of relief.
Of course, that doesn't tell us whether or not he's quite Team ICO and is simply finishing things up in a freelancing capacity. Things seem a little rocky over at Studio Japan, with The Last Guardian's Executive Producer, Yoshifusa Hayima, leaving for casual outfit Bossa Studios earlier this week.