I thought I'd start a topic for the Tokyo Game Show which is being held next week. Anyone anticipating an update regarding Shenmue III at the event?
I'm in the camp of thinking it will most likely pass under the radar this year, given that the team is hard at work in the middle of development and already providing solid monthly updates.
Also you may have seen that Sega has recently announced their TGS merchandise, a couple of items of which are Shenmue-related: a Shenmue badge (200 yen, for sale from capsule machines at the Sega merchandise stand) and... too bad it's not a T-shirt this year, but a packet of marshmallows (!), one of which features Ryo's mug on it (800 yen).
I've written a bit about them in these blog posts:
TGS 2016 & Shenmue Merchandise
Sega TGS 2016 Merchandise: the Ryo Marshmallow
Edit: updated badge to 2016 version - Sega logo this year.