This is a fact — it's Capcom's flagship franchise; there's no way it's not being worked on. Especially seeing as Capcom's God Keiji Inafune confirmed the game's not far off.
The question is, will we see it at TGS? It's looking more and more likely. Capcom Europe's teased "four new game announcements" at the Tokyo-based show; with Resident Evil 6 extremely likely to be part of the crowd. Elsewhere, we're expecting a Devil May Cry announcement - is it being developed by Brit-studio Ninja Theory?
Whatever Capcom announce, this Tokyo Game Show is shaping up to be one of the most exciting in years. We can't wait.