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Galvanizer said:
Whatever Ito is working on, there's no chance it will be released this gen. It's a PS4/720 title at best. If not that, then it's a Wii U exclusive.

How do we know that? If hes been working on the game since 2008, its likely they were using the Luminious engine coupled with the Crystal Tools engine.

Its possible Luminious was designed to be a used for the PS4/720/Wii U, but I'm not sure.

I think its still undecided when this generation will end. I think its possible it could be comming for this cycle of consoles. We still have no release data for FF Versus. Its possible that this game will come in 2013/14, and FF15 in 2015. In which case I agree it will be in the next cycle of consoles.

And it would be good for Square Enix to relaunch the FF brand on the PS4/720 with this FF12 style of Final Fantasy. Since I think the Toriyama/Kitase/Nomura/Nojima style of Final Fantasy games are seeing their last days.

I think FF Versus could be a swan song to that era of FF7/8 anime style Final Fantasy. And FF15 will be a return to the fantasy style of the older games with the FF12 innovations implemented into the format. However FF Versus is the wild card here, we still have no release, and I think its possible it will be the last FF they release this generation, signalling the end to the disappointing Fabula Nova Crystalsis compilation.

However I'm hoping I'm wrong and they release FF15 ASAP, but I think your probably right, based on the most rational scenario, I think you right.