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SMT said:
I don't see how they couldn't do it for the PS3. Atlus has lately received pretty good profits from their other franchises. PSP wouldn't be enough for a full-fledged Persona-sequel in my opinion, it would be pretty stupid if the new Persona instalment would be a visual novel and JRPG-hybrid like Persona 3 Portable.

It's sales on PSP are doing nearly as well as they did on PS2 though.  Is it really smart to move to a smaller userbase with MUCH higher costs?

If anything I'd expect PS3 to get the OTHER Shin Megami Tensei spinoff.  The action RPG one where you can rely on less graphical assets.