Shenmue 3 still isn’t a thing, but the Yogscast may have revealed S0L’s surprise a little early. During their recent stream around 40 minutes in they had a character select screen that looked larger than normal, and of all the faces to be on there besides Simon was none other than Ryo Hazuki as seen here, and went so far as to have him in a race.
He isn’t steering a forklift but he’s riding an arcade cabinet playing OutRun instead. I assume it’ll transform into
a WaveRunner cabinet on water and an After Burner II cabinet in the air. No dates have been revealed or any other details, but Sega fans can rest assured that their demands for more Ryo and more SEGA stars are indeed being met.
UPDATE: Or maybe the hovercraft mode is Ryo riding a Hang On cabinet to keep in theme with the works of Yu Suzuki.