Since its memorable reveal at E3 2015, Shenmue 3 has pretty much gone dark. Not much has been revealed aside from a few screenshots. It had an outstanding Kickstarter, raising more than $6 million, thus making it the most successful video game Kickstarter of all time.
People have been speculating that Shenmue 3 will be shown off at E3 during Sony's conference. However, that may be up in the air now given a recent statement by publisher, Shibuya Productions. Company president Cedric Biscay answered a fan's question on Twitter about an E3 appearance with: "Today my answer is no."
It's a rather strange and cryptic answer, but Biscay could be saying that to keep things a surprise. We reckon it's highly likely that Shenmue 3 will be shown off during Sony's E3 conference as they are backing the project. The only way we will find out for sure is if we watch Sony's conference next week.