The Last Guardian will be finally be released. The Sony E3 2015 press conference started with a gameplay demonstration of the long awaited game. The project was first announced at E3 2009, but has been absent from recent E3 events.
In 2011, the game's director Ueda left its studio. However, the intro for the gameplay demonstration at E3 2015 still cited Ueda as the game's director. Following the demo, Ueda stood up in the audience to a round of applause.
In the footage, a young boy and a giant terrier/chicken/goat-thing navigate treacherous ancient architecture. They both help one another to get from one place to the next. It's quite cute.
The Last Guaridan is scheduled for a 2016 release.