Excerpt from IGN.com:
"Crash Bandicoot developer Naughty Dog\'s long-awaited PlayStation 2 project, heretofore known only as "Project Y," is entitled Jak and Daxter: The Precursor Legacy, SCEA confirmed with IGNPS2 today. No other new information can be released about the game at this time (in fact, we\'re currently arguing over whether you spell it "Daxter" or "Daxster," and Sony\'s reps are being truculent about the issue), although if you look at the recently-released trailer movie, you can probably put two and two together regarding a few other aspects of the game.
Jak and Daxter will receive a proper debut at Sony\'s E3 press conference later this week, so stay tuned for more information on what will certainly be one of SCEA\'s biggest PlayStation 2 releases in the near future."