I posted this in another thread, but it's relevant here:
Monolith is probably working on 3 games right now, Project X Zone being one of them. We saw this image quite a while ago on a computer screen at Monolith Soft:
To me it looks like one of the pre-rendered overworlds found in the Baten Kaitos games (compare it to that in the first game:http://www.rpgfan.com/pics/batenkaitos/ss-166.jpg ). That suggests that they are currently making BK3. I imagine that such an image (assuming it is the overworld) would be better suited for the 3DS, as if it were for the WiiU I would expect it in real time 3D; therefore I'm expecting they are working on a 3rd Baten Kaitos game. If so, I would expect an announcement by the end of the year.
I'm also pretty sure that Monolith were advertising for staff to work on a WiiU game, suggesting one is in the works. Given the critical and commercial success of Xenoblade Chronicles, and relative failure of Disaster, I for one hope that they pick what I consider the logical option to develop a HD open world RPG for the platform.
There is also the fact that they are well over due to announce a new game, Xenoblade released almost 2 years ago now.
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