Last we heard, Sony confirmed that The Last Guardian has not been cancelled, contrary to rumours circulating the matter.
Just this morning, Game Trailers’ Geoff Keighley interviewed new Sony America boss Shawn Layden about the game’s progress. He apparently told him that The Last Guardian was in “full development” in Japan, before adding, “Unequivocally.”
Though that may be the case, a source has told VG247 that the title will not appear at E3 2014.
We’ll update this story if we hear any more on the matter out of the show this week.