Team ICO's "Project Trico" was revealed in a trailer last night and though some doubted its authenticity, it seems to be genuine. To paraphrase Seinfeld, it's real and it's spectacular.

VG247 says they have it on "cast iron authority" that the trailer is real but cannot divulge any details about the source of this information. The footage in the trailer is apparently over a year old, so the game could look very different now. Unfortunately, its development might not be far along enough to be shown at E3.

I suppose they could just show the trailer at E3 but hell, everyone'll see it by the end of today anyway. Again, though, the game could have taken on a complete different appearance by now so perhaps Team ICO doesn't feel this is representative of the project anymore.