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So according to 1up, Gaijinworks is set to release a game over the summer and speculate over what will be released:

 

Gaijinworks To Announce Possible New Title In 'A Month Or Two'

Classic localizer Working Designs successor seems ready to return to public eye.

By Kat Bailey, 01/05/2009


Working Designs is long gone, but their legacy of bringing Japanese classics over to America remains intact. And now they may have a chance to do it again, minus perhaps only a few Bill Clinton jokes.

Former president Victor Ireland moved on to found Gaijinworks after WD's demise, and now he's resurfaced on NeoGaf to announce that a title will be publicly announced within a "month or two" for release before the summer. No ideas on what they might bring over, but resident Retronaut Jeremy Parish suggested RPG Soma Bringer and classic-style shooter Thunder Force 6, among others.

For a more details and analysis, go check out the entry on the Retronauts blog. In the meantime, you may commence rampant speculation.

 

According to Vic's post on NeoGAF, ther is another game, main project, in the works besides the summer game:

The first thing out of the chute isn't one of the MAIN things, but the good news is it should be publicly announced within a month or two for release before Summer '09.







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