Well, upon inspection of Double Fine's website, it lists two games under projects, Brutal Legend, and what appears to be some sort of Psychonauts project. Sequel? Port? Only time will tell, but this is still really good news. http://www.doublefine.com/news.php/projects
Tim Schafer has confirmed that there will be no sequel to Psychonauts, unfortunately. Probably they just haven't put the game's page together yet. Still, good spotting.
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Spending as long as I do here, it's easy to forget that Oddworld has actual fans.
A port to what? It was on all the mainstream consoles (gamecube doesn't count).
Also:
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Man, who knew how much excitement a little darkness could bring? The truth is we are just putting together a new page about 'The Excellent Game Psychonauts.' We're not announcing any new games or anything. Sorry if we confused anybody! We lightened up the image to hopefully make things clearer.
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Spending as long as I do here, it's easy to forget that Oddworld has actual fans.
I don't feel there's anything to add in the Psychonauts universe, the whole story was perfect, I think it's better Tim decided to do something else now.