Crash Bandicoot is definitely on its way to the PlayStation 4. The PS4 is basically the second iteration of the PS2 and they are going to be bringing back some of the biggest games from that era. I did not get to see any game-play, but it is definitely in production. I spoke briefly to a friend whom I visited ND with about this the other day; it is possibly that ND is actually working with SMS on this game. I cannot confirm this, but it seems very plausible. There is a chance of a small teaser this year, or at least an announcement, but I wouldn’t count on it.
Yesterday, 16th of November, our source confirmed that a next-gen reboot of Crash Bandicoot is, indeed, in production and is definitely on its way to the PlayStation 4. One of the biggest, and well kept, secrets in the industry could be that Sony has recently acquired the Bandicoot lisence of Activision and Naughty Dog and Santa Monica Studios are working together on the next-gen reboot of the series.
If Naughty Dog and Santa Monica Studios are, in fact, working on the next Crash game we can safely assume that it will be a PlayStation exclusive and very good.