Awhile back Sega said they were “investigating” remasters of Shenmue and Shenmue II. Now it seems like they are adding fuel to the fire as according to a recent whois search, Sega has registered the domain to shenmueHD.com. The company have also registered ShenmueRemastered.com. If Sega does release remakes of the first two Shenmue games it will more than likely release before Shenmue III.
Shenmue III is in development for PC and Playstation 4.