Or at least that's what Kagari over on neogaf is saying. Kagari is certainly reputable, but I'm not so sure about whichever blog she apparently sourced this from.
For those not in the know, PhyreEngine is an engine created by Sony themselves, designed to take advantage of the ps3 and all it has to offer.
---
"PhyreEngine is a graphics rendering engine provided under a license that allows it to be used by any PS3 game developers and publishers as well as Tools & Middleware licensees in their products. The engine uses sophisticated parallel processing techniques that are optimized for the Synergistic Processor Unit (SPU) of the Cell Broadband Engine™ of the PS3, but can be easily ported to other multi-core architectures. As a result, PhyreEngine has been newly-adopted by dozens of game studios in the last year, now appearing each month on the PlayStation®Store or on Blu-ray Discs."
---
Numerous released and/or upcoming third party games have been released via this engine, such as Compile Heart's Super Dimensional Game Neptune and Gust's Atelier Totori and Mana Khemia 3. Word is Nippon Ichi are also using it for Disgaea 4, so Atlus licensing the engine as well wouldn't be a surpise.
If Atlus is truly working with the PhyreEngine, I'd assume it has something to do with the recently announced Persona 5.
