Despite how we may have gotten your hopes up about Tim Schafer's potential exciting new Psychonauts project, according to the man himself, Double Fine is not ready to announce a new Psychonauts project...yet.
Man, who knew how much excitement a little darkness could bring? The truth is we are just putting together a new page about "The Excellent Game Psychonauts". We're not announcing any new games or anything. Sorry if we confused anybody!
Mr. Schafer, a storyteller as powerful as yourself should understand the mystique of darkness. You could put a donut in silhouette and half the Internet would be speculating glazed or powdered.
Psychonauts Sequel Rumors Shot Down [nextgen]