Shenmue 3 gloriously was announced at E3 2015 and the game has been developing at a steady pace. That being said, the game is sadly not going to be making any type of appearance at this year’s E3 2017.
The Shenmue 3 team posted this message: “We have also been receiving questions from our backers regarding our plans to participate in upcoming game shows. While our schedule has yet to be finalized, we will be devoting June to game development and as a result, will unfortunately not be participating in any game shows. On the other hand, we look forward to bringing you our monthly updates and hope you do too!”
It was expected that the game would be out by the end of 2017, but that doesn’t look likely at the moment. Hopefully a release window for the game could be revealed soon.
Hopefully by skipping E3 and other game shows, this means the development for the game is sped up since most of the time is spent making the actual game itself.