At the Ubidays, the Ubisoft event in France, Yves Guillemot took the stage to confirm not only that the rumored Beyond Good and Evil sequel was happening, but that they had a teaser trailer for the event.  The trailer above is game engine footage, so we are getting a good approximation of what the game will look like when it comes out.  No platform was announced, or a release date, but I hope that Ubisoft has learned from past mistakes and releases this outside of any other competition.