Gamereactor interviewed Ubisoft's Michel Ancel and asked him about Beyond Good & Evil 2. If its impossible to match his vision for the game with current-gen consoles.
Michel Ancel said: "I think [on current platforms] Beyond Good & Evil 2 was possible, but it’d be painful. It’s always possible to do anything on any kind of console, but sometimes you need to spend your energy not on the optimizations or things like that. Now that we have the [new] consoles around the corner we’re working on them. We’re trying to see how we can get the power out of those consoles because there are still things we need to understand on those consoles, but yes, Beyond Good & Evil is a project I always have in mind and I hope good things will come for this project very soon."