It’s now been confirmed by Kikizo staff saying: “As for Shenmue, I would have to say at this stage, it is worth forgetting about. If all the fans get any rich relatives together and channel it though Dojo perhaps we could buy rights, hire Suzuki (he’d likely say yes) and independently make the game under license from Sega at no risk to them. That is the only way it will get made at this stage I think.”
The following words must’ve been really hard for the Shenmue fans to say: “To clarify, what I meant was I wanted to get clarification on something I heard a couple of days ago, which is that yes, Shenmue Online is ******* and Suzuki’s status is, once again, up in the air, which counts Shenmue III totally out of the picture right now. This is confirmed, it seems.”