
Deep Down is Capcom's new RPG exclusive for PS4. The game was first announced in February 2013 and then it was showed at TGS 2013. With a Dark Souls feeling and some top notch visuals, Deep Down has then become one of the anticipated PS4 titles.

Former Sony executive Shawn Layden has "no idea" what happened to Capcom Deep Down game, which disappeared after announcement.
Still sucks we haven't heard much from it. Really liked the concept behind it, and I feel like I was one of the very few who liked the game's music. A shame it's in hiatus as of now.
I think Platinum has been overextending itself for a good while now. Scalebound was canceled after missing deadlines and Bayonetta 3 has shown nothing since its announcement in 2017.
While the game never came out, I don't think it was time wasted. If you look well at how the camera follows the character and how it moves around during "gameplay", you'll notice it's spot-on identical to the camera in Resident Evil 2 Remake. Deep Down might have been cancelled, but it most likely became a proof of concept for Capcom in development of the REngine.

Don’t count this game out just yet. Are we going to see Deep Down release on PS5?
Hopefully its still in development and will be released on ps5 because deep down trailer looked amazing when showed years ago
Hopefully it maintains the technology (like their fluid/particle simulations) and 4 player co-op

Here are 10 major video games that are missing in action from the public eye, and we hope to see them make a triumphant return in 2020.
This game is starting to grow on me. the graphics looks real!
On the Game Informer podcast this week, they said Deep Down is only announced for Japan at this point. They expect it to be announced for North America as well (even noting the voices in the audio were in English), but right now, it is not officially on the release schedule for NA. I don't know if that is correct or not, but this fact sheet didn't include anything about where it would be released.