I think if you look at the evidence it all lines up. Sony "leaks" that The Last Guardian is cancelled.
Then after they show all their other great games. They say they have one more thing to announce...
And that's when Miyamoto comes out and announces that "The Last Guardian" is cancelled and is now the next Zelda game, exclusive on PS4/Vita and that Nintendo is leaving the hardware business and becoming a Sony First Party.
That's the transcendent moment. And I hope they have medical people on hand at those theaters to provide aid to the elderly and small children.