So, its been forever since a real update has been made obvious about this game. Anyone hear anything about it? I was hugely stoked for it, and now I'm just scared that i'll never get  to play it.

There really hasn't been any news on the game in a while, but hopefully we'll hear something at one of the upcoming expos later this year...at least it's not canceled (as far as I know).

In my Playstation magazine in the UK they said that a rockstar employee said to them (I think while looking at GTA4) that it was still on and was a PS3 exclusive - BUT...   it is a 'official rumor' from PS official magazine so don't kill me if this was wrong.

Keep your eye on Rockstar's official website this week. They stated earlier in a Q&A that they would release a slew of new L.A. Noire information next week (January 25th-31st.) Team Bondi themselves had put out a job listing for anyone looking to work on the 360 version of the game (the listing was quickly removed.) Supposedly, all of our questions will be answered next week. 
EDIT: Sorry, next month. 

Nah the game got canceled

This necro was not epic like the other one. This one was just dumb. Good job.