Fumito Ueda is leaving Team Ico after the completing of The Last Guardian. Gamasutra has confirmed from Sony. This is really sad, but I'm sure that Team Ico and Mr. Ueda will both go on to make great things. Mr. Ueda along with made the brilliant Ico and Shadow of the Colossus for PS2 (Both games you should own, but don't!). The Last Guardian is still on its way (some time in the foreseeable future...) with Fumito Ueda at the helm.
See some of The Last Guardian trailers after the jump.