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During our E3 interview with the president and CEO of SCE Europe, Jim Ryan, he revealed that while Shuhei Yoshida might be "crazy" about Project Morpheus, it's still only a "technology exercise" and it might not get released.

"We've been very clear that what we're doing now with Morpheus, it's a technology exercise, and we're listening, watching people who are using it, and watching consumer reaction, we're talking to developers very seriously about what sort of games they think they might make," Ryan replied when we discussed the VR technology with him.

"Because you know just taking a PS4 experience and plugging it into a Morpheus, that's not going to work," he continued, "so you know we've got to have some very bespoke, specific Morpheus content, and we're just in the process of figuring that out. All this takes time, because if we're going to do this, and it's if still, we've got to do it right."

He later added: "Everybody at PlayStation is really, really excited about Morpheus, and the energy levels, and the passion that our internal people, Shu Yoshida is crazy about this thing. So there's considerable momentum, but we've made no announcement about any launch yet."

Later today we'll be publishing our full interview with Jim Ryan so stay tuned to Gamereactor for more news from E3.