Devil's Third, the third-person action title from designer Tomonobu Itagaki and Valhalla Game Studios, is "about 80 percent complete" and will be released in 2014, said Itagaki in an interview with 4Gamer.
"Next year will be the year we'll be releasing the console game Devil's Third," said Itagaki, as reported by Siliconera. "At the moment, it is about 80 percent complete, and we can about see the end of it." According to Itagaki, Valhalla still has some polishing work to do on the game.
He continued, "For you fans out there, I'd like to apologize for making you worry. We'll be going all out next year, so please look forward to it."
Itagaki resigned from his longtime position as the head of Team Ninja at Tecmo in July 2008, and announced in March 2010 that he had joined Valhalla Game Studios along with other former Team Ninja developers. The studio revealed Devil's Third that June as a title being published by THQ.
However, THQ dropped the game last July and returned its intellectual property rights to Valhalla, which is now developing it independently with Itagaki as lead designer and the studio's chief technical officer. This past May, he said development on Devil's Third was "going along really well," and that Valhalla officials were in the process of finding a publisher for the game.
We've reached out to Valhalla for more details, and will update this article with any information we receive.