According to Joystiq, Duke Nukem: Forever made a public appearance at PAX today. They say that Gearbox has taken over development, and that it's actually in development. While its past leads me to believe that this may just be another hoax, I am looking forward to seeing if this actually pans out. Check out the link below for more info and let me know what you think.
Joystiq: Duke Nukem Forever preview: Yeah, it's actually playable. No, really.