I find walls of text to be quite entertaining, if only most of them consisted of actual facts instead of opinions disguised as facts...
FACTS are near impossible to prove, unless you're wiling to lose your Job (say if you wrk for SEGA, or get a mate who does wrk in SEGA in trouble by revealing the source) Which no one in their right mind would do.
I'm not quoting facts or sources, just using some conmen sense. if Shenmue III was in full production with 200 staff working on it, it would have leaked out by now, even it was just a Twitter post)
Also there's quite a few AM#2 staff that left SEGA over the years, and I'm sure they've would have let slip Shenmue III is coming.
Shenmue III (for the Major consoles) will only be fact, when AM#2 and SEGA fully present the game to the Media. And I'm not getting any hopes up for that at all, just like I'm not for Orta II or Saga II.
I'm sure SEGA want to make the game and finish the story, but that will take some money from SONY or MS imo.
SEGA will not fund or risk another Shenmue game will it did before, more so when this generation games are so costly and dwarf what it cost SEGA to make Shenmue 1 (DC version ) in the 1st place.
It cost SEGA 20 $million just to make the Japanese version on the DC, and that with DC graphics and modelling. God knows how much it would cost to model it on the 360 or PS3, where everything would have to be redone.