Final Update!
https://i.sli.mg/yJTssi.jpg
Fear not, for I have been hard at work for the past month and a half, and am finally finished! The official run time is 4:50:11 (4 hours, 50 minutes, 11 seconds), and the file is 28.4GB in size. As you can see in the image above, it took over 8 hours to render, even with my graphics card doing so. It's going to take an eternity to upload, but I should have it on YouTube by June 2nd in preparation for the 3rd of the month Tweetathon. I would greatly appreciate it if others would include a link to the video in their tweets that day.
I'll update the OP once I've finished uploading, but the video will remain private or unlisted until the 3rd. I plan on uploading a 4:3 version for people who don't like the 16:9 pop-ins, but I don't think I'll be done with that for at least a couple of weeks.
"So when's II coming out?" At the moment, I can't start on II because there's simply too many texture glitches. Hopefully, the next version of Demul will allow the increasing of the internal resolution like the build I used for this project. If that's the case, and it fixes most/all of the bugs, I will begin work on Shenmue II: The Movie, and the story will go on.
Thank you to everyone who directly or indirectly contributed!