I think about FEZ from time to time and Phil in particular. He was featured in Indie Game the Movie which is a complicated movie to consider BUT one thing that it did well was show how certain people handle launching particularly successful games. In a few words? It's a wild ride. That said Indie Game the Movie only showed the most successful games and game a generation of new Indie developers the wrong impression about how things work which may have slightly led to an explosion of Indie games. Not sure more art is a bad thing but it's rough to not make enough money to pay the rent.
Phil cancelled FEZ 2 as he was leaving the gaming scene but I hold out some hope for him to release it someday. I heard FEZ 2 was simply a musical album or something and if that was true would be very exciting.