Shenmue 3 was officially announced at E3.
Kickstarter is up:
https://www.kickstarter.com/projects/ysnet/shenmue-3
Here is the trailer:
https://www.youtube.com/watch?v=orAXfiwB4-c
The game will use the UE4 engine and has been fully funded under 24 hours!
Sony also in funding the project.
The game will be released on PC and PS4.