Yep, it still exists, and it's apparently coming out next spring

Here is the post from the Playstation Blog.

So, are you still excited for this?

Will it make you buy a Move if you don't already have one?

Oh, that thing. No. I still think all forms of motion control are terrible.

@Galiant: Yep, my problem with all of this, it looks like a cool game but I will never buy a Move which is unfortunate.

Sony: "Hey everyone, Skyward Sword was cool, right? Kinect is cool, right? We can do that too! Please buy our dumb gimmick."

Who thought motion-control was a good idea anyway?

No ... I hate motion controls (even if I own a Wii , which reminds me were is that thing stored???)

It looked cool when they unveiled it. Still looks cool.

It looks cool. Defiantly a day 1 buy for me, been waiting for this game since I bought my Move.

*definitely. We need an edit function for the mobile site :(

Move? Lol!

I remember some guy on youtube saying they were gonna talk about it again in the near future, I guess this is that.

The game looks neat, I will most likely never own a Move though so..."meh".

look out guys its a FIRENADO!

Weird. Doesn't really strike me as the type of game that warranted the years-in-advance-announcement treatment.

@Ravenlight said:

Sony: "Hey everyone, Skyward Sword was cool, right? Kinect is cool, right? We can do that too! Please buy our dumb gimmick."

Who thought motion-control was a good idea anyway?

Uh how about everyone? You are a very angry sun and are unfairly making Sony seem like they are only copying kinect and the Wii. If anything Microsoft copied Sony.

I think sorcery looks pretty cool, waiting to see if the whole mixing of spells actually works well in practice.

I was surprised to see that this still exists. I figure they've probably been working on it for so long that the sales figures expected wouldn't cover the cost of development. As a result it would have been canceled. I guess either it's a smaller team than I thought or they think it's gonna sell better than I think it will.

@DarthOrange: My post does read like I'm biased against Sony and I probably should have worded it better. I hope we move away from gimmicks like motion control and 3D with the next generation of hardware, regardless of platform.