Most Dreamcast fans will tell you that Shenmue was one hell of a title. Those same fans have been begging for a third installment, too.

And while this isn't a sequel, it's still great news: According to GamerZines , a high-definition iteration of the Sega classic has actually been done "for well over a year" and will soon head to the PlayStation Network and Xbox Live Arcade.

The source asked to remain anonymous but apparently has ties to Sega, and said very simply that " Shenmue HD is real." The source added, "As is Shenmue II . That's big news for the fans, but we assume the next question is obvious- Why hasn't Sega released them already? Well, the source said Sega chose to wait until they had "a clearer picture of the future for the Shenmue franchise, namely, whether or not Shenmue III will ever see the light of day."

Okay, so now that these remakes are coming our way, does that mean no…? Shenmue III is out? Or does it mean the opposite? Guess it's all in how you interpret the situation…