Where's all this Shenmue III on DC talk come from all of a sudden? We've always known development never began on III. Yes, even if they made a Niao Sun character model for the premiere, and yes, even if for a long time we all thought the cut content out of the end of II (Miao Village, etc) was really Bailu in III. It never started. The most recent source we have on this is Ryan Payton saying they never really made anything past the ending point of II on a podcast.
YS himself said we would see something substantial in early 2017. We're now 6 months into 2017.
No, he didn't.
Exact quote:
“Development is entering the final stage headed towards full-scale production. Early in the new year, I think we’ll be able to show you things such as new videos .
And we've had new footage of the game, though fleeting.
Don't be so pedantic, Spags. New videos (plural) would be substantial in my eyes.