Beyond Good and Evil 2, not happening

For those of you that have been anticipating the sequel to the 2003 underground hit Beyond Good and Evil, don't hold your breathe.

Michel Ancel, creator of Rayman, has been put in charge of the Beyond Good and Evil 2 project.  
In an interview with gamereactor website, Michel Ancel said, "I think [on current platforms] Beyond Good & Evil 2 was possible, but it'd be painful. It's always possible to do anything on any kind of console, but sometimes you need to spend your energy not on the optimisations or things like that,” he said.

"Now that we have the [new] consoles around the corner, we're working on them. We're trying to see how we can get the power out of those consoles, because there are still things we need to understand on those consoles, but yes, Beyond Good & Evil is a project I always have in mind, and I hope good things will come for this project very soon."

In 2008, a press release was announced stating that Beyond Good and Evil 2 was in development.  Since then, progress has been slow at best. Ubisoft CEO Yves Guillemot stated that the game development is active but  he has not confirmed progress and a release date.

Since then, we have seen a few trialers and heard lip service about what to expect from the game, but nothing solid. In other words, I think it's safe the game is not going to happen until some more comes into Ubisoft.