Shenmue HD, which Sega teased earlier this week in an interview with Game Reactor, has been “finished for well over a year,” according to GZ’s source – “as is Shenmue II HD.” However the company, wary of rekindling enthusiasm for the ill-fated series, is waiting until it has a better idea of where the series may eventually go.

This January, the online Shenmue World was cancelled, while series creator Yu Suzuki outlined ideas he has for a third installment and confirmed the possibility of obtaining the IP rights from Sega. Which is to say, if Sega does want to know where Shenmue will go before making a move on the series, it can head to the back of the line…

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