Jesus, wasn't this believed to be dead?
We haven't heard from this since Gamescom 2013 I believe.
I think I remember reading about the developers being at PSX back in December and them saying that the game is still very much in development. I do know that I had heard last year the game was still coming. It's nice to finally see it, though. We've seen nothing on it but that trailer back in 2013 and some concept art here and there.