Okay, look.
I think we can all appreciate GoldenJiggies's optimism; nothing wrong with a head held high. But the fact of the matter is, Microsoft doesn't understand Rare and has no interest in letting them do their thing. Does that mean we'll never see another Banjo game? Of course not, but it does mean you shouldn't hold your breath. As of this writing, the game is not being made. Production won't start tomorrow, nor will it start next year. We at the Rare Witch Project once had Rare's attention, to a degree. Those days are gone. All we can do is wait and hope for the best. I do advise you, however, to be prepared to wait a long long time.
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If trouble is afoot, call me Quentin Tarantino.
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