We [Bluepoint Games] originally remastered Shadow of the Colossus for the PS3 and then remade it for the PS4. It's the only one we've touched twice and to date it is our greatest achievement, so it's easy to say that is our personal favorite. However, there's no question in our minds that our current project will become the achievement we're most proud of. Fortunately the Bluepoint Engine and toolset has been in development for many years. We have significantly invested in ways that allow our process of remastering or remaking games to be powerful and efficient. It is flexible and able to take advantage of any hardware.
Thrush refrained from going into any details by noting that the studio will only start talking when Sony is ready to make an official announcement. For now, let it be known that the current undertaking for PlayStation 5 is probably the biggest challenge Bluepoint Games has faced in comparison to previous projects.
For what it's worth in this thread Jason Schreier simply answered 'Yes', which might also show that this really is a Demon Souls remake:
Further evidence on this game being Demon Souls:
Jason and Imran both voted for Demon Souls in this poll regarding what Bluepoint is working on:
(credit to Ryuji)
Believe in Demon Souls:
via SegmentNext
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