didn't SEGA lose the rights or something? what happened with that? anyway on topic, I'm still holding out hope for Shenmue 3, what the hell kind of a world is this where Duke Nukem Forever got to exist and Shenmue 3 didn't?? it's not as if it would even be hard to make it, the engine for a modernized version of the gameplay basically already exists in the Yakuza games and I read years ago that the story was basically done so there would be virtually no creative heavy-lifting to be done, and it was voted the most wanted game on Xbox One (and pretty much the only thing that would make me buy one) and 3rd most wanted on PS4, (I think) the very idea that there isn't enough demand for it is ridiculous...
okay, maybe a large part of that is the fanboy in me talking, but even so, if SEGA still have the rights, then I don't think it's gonna happen, unless perhaps if they do an exclusivity deal with one of the console companies to help fund it, if SEGA were ever intent on funding it themselves they would have done so long before now.