What is team ICO's next project ??

Shadow of The Colossus , being IMO , one of the most EPIC games of the PS2 era , I'm really curious to know what Fumito Ueda's next project is all about ?? Has any news been released on this game yet ?? Is it still in the works ?

I don't know much about the topic but I think it's Shadow Of The Colossus 2! :D

I've heard about Shadow of Colossus 2. And I cannot express enough how much I will **** major bricks over it, if it's confirmed or whatever. Shadow of Colossus was an.. oh man. Words cannot even express it's genius.

That's what we all want to know. :P