Amidst speculation that Team ICO (ICO and Shadow of the Colossus) will unveil its next game, dubbed Trico, at E3 next month, a video featuring two minutes of footage has surfaced.

GameSpot suggests the footage in the video is from an early stage of development, pointing to mismatched lighting, unpolished graphics and placeholder music.

Asked for comment, a Sony Computer Entertainment America rep told GameSpot: "We've made no announcement of anything called 'Project Trico'."

Fans have been waiting on an official unveiling of Trico for some time now - first expected to be shown at the 2008 Tokyo Game Show.

Judge for yourself if you think the footage is real by heading over to PlayStation LifeStyle.