Last news I was able to dig up it is still canceled. Don't worry folks as the odds of this sequel coming out compared to Shenmue III is very high. Wouldn't surprise me if a Wet 2 popped up on the enxt gen console.
CHECK OUT MY WRESTLING RADIO SHOW
TUES & THURS @11PM EST.
My All-Time Greatest Challange Success: Dead Rising 1000/1000 =100% Game Completion
All Time Favorite Achievement: Day7 in Dead Rising
Hey Yo I Stay Ballin