In February this image was posted in the career section of SCEA’s website. Around the same time, this advertisement was posted in Famitsu weekly magazine:

it reads:
『ICO』、
『ワンダと巨像』制作チームによる
PS3タイトルの
新プheェクトスタッフ募集

いまさら募集ですかｗ
出来上がるころには
PS3はどうなってる？
おせーよハゲ

_{image credits:jeux-france}

Basically the ad is saying that the team who produced Ico and Shadows of the Colossus(ワンダと巨像) is working on a new title for the PS3. Team ICO is hiring people for the project. According to the ad on SCEA’s website they are looking for game planners, animators, artists, and effect designers.

It’s probably a good idea to be fluent in Japanese if you are planning on applying, which I assume you aren’t if you’re reading this. But really, it’s just exciting to know a new project is in the works from Team ICO. So far this team has brought us only two games–Ico and Shadows of the Colossus, both of which were extremely groundbreaking for their time. The team’s head hanchos Fumito Ueda and Kenji Kaido have expressed their interests in creating a new title, with similar elements or themes as their previous games. You can read some interviews with them at TIG Magazine.

Combining their talents with the power of the Playstation 3 should reap one powerhouse of a good game. Sorry to those who don’t plan on purchasing a PS3, team ICO works for Sony, so whatever they make will be a PS3 exclusive.