Bayonetta 2 still on the plans. The previous rumors (about cancel, etc) are false.
Platinum is hiring people right now to make a new big action game, and they are using Bayonetta's image on the banners (on various major japanese game sites).
New Shining title was delayed due to 7TH Dragon 2. They can't announce it right now. Sadly, 7TH was delayed too, due to the new PSP Final Fantasy game. The nasty Square-Enix announced it to be released at the same day 7TH Dragon was previously announced... Sega immediately changed the release day.
Sawada leaving Sega is false. SHIT!!! -_- He stills there for our sadness...
There is another rumor, about "old Sega ips". Titles like "Shinobi 3D" would never been allowed in Japan; but it was an overseas project. They says that only Sega Europe or America are allowing this kind of project. Sega itself is not allowing people to "ressurrect" some old IPs. Nagoshi is one of them; he hates old Sega IPs that have failed in the past, like the ones for Dreamcast or big classics like the Mega-Drive ones (Streets of Rage?).
Now a special info for you! Did you guys seen the facebook page for PSO2 all in Japanese? Guess who ordened them to translate it to English?
Rieko Kodama herself, on her twitter!! She is not working on the title, but everyone respect her since she IS one of the original creators of the series. It was so cool XD
They are translating the whole game right now after Rieko's tweet. LOL!