During Microsoft's E3 presentation, Microsoft announced that Double Fine is now part of Xbox Game Studios. Following the announcement, Double Fine confirmed that, despite the acquisition, Psychonauts 2 is still coming to all announced platforms. A new trailer for the game was also shown, which you could check out below.
Psychonauts 2 will still be coming to *ALL* promised platforms: PC, Mac, Linux, PS4, and of course - Xbox :) pic.twitter.com/hi5vLCw79Q— Double Fine (@DoubleFine) June 9, 2019
UPDATE 7/17/19 -
"There really shouldn’t be too many other noticeable changes for you at all, at least not for a while...with one notable exception: We’re now targeting next year for release," the post reads. "We know it’s always disappointing when you have to wait a bit longer, but we also know that you are an amazing, supportive bunch, who - just like us - want the game to be as good as possible. So we’re hopeful you’ll understand! <3"