As mentioned yesterday, Guillermo del Toro has proclaimed both Ico and Shadow of the Colossus to be videogame "masterpieces". Today, the Pan's Labyrinth director should be quite pleased to learn the people who gave us the two games, known in the industry as "Team ICO", are preparing to show off its next creation "soon".

The news comes via Videogaming247.com:

“I cannot tell,” said the exec was asked specifically if the new Team ICO game will be shown at Tokyo Game Show this year.

“But I can say that they’ve been working very hard since the release of Shadow of the Colossus.

“Soon you’ll see.”

As Joystiq points out, the Tokyo Game Show (which takes place this year from October 9 - 12) is, "the last major opportunity this year to reveal the project".

And, with that being said, it would be disappointing to me if Sony didn't use the show and the time frame to show off the highly anticipated yet-to-be-revealed title for the PS3.