I think both no reference to any future of Shenmue, plus the "Shenmue II, to be continued....." Is a huge slap in the face to Shenmue fans. Whilst not to sound ungrateful for a postmortem on Shenmue, no Shenmue fan expected it to go down like that. I thought it was a poorly presented conference, with average information and a load of slideshows which for the most part, are things we generally know and have seen before.
It left me even more less interested in the series, with no real hope, excitement or even want to fire up a Dreamcast and relive it. I honestly feel like Shenmue is an insider joke in the gaming industry. People at the conference even asking questions about the creation of his other games is ridiculous.