Leaning towards "no."We actually already had a thread about this.
http://www.freestepdodge.com/threads/devils-third-itagakis-next-project.2402/
God knows if this game is ever going to be finished.
Devil's Third is still alive, as of Apr 19, 2013
http://www.valhallagamestudios.com/en/company/under-the-flag-of-valhalla.html
Maybe in 2015 it will come to PS3