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I also believe in it being on consoles first then moving it to Vita. I see it for sure coming to the Ps3, probably next year with an official unveiling this fall. If it comes out on Vita and Ps3 however, I would probably get the Vita version, that is if its the exact same, nothing downgraded or anything. I could also see the game going to the Xbox 360, but that is just speculation based on Catherine also being on the 360. I would be upset if it was Nintendo exclusive however, especially the 3ds because the series would take a step back because of the limitations of the system. If it was Vita exclusive that would be excellent since gamers in Japan have been leaning towards handhelds more than home consoles.

In the case of story, I remember looking at the "fan" music channel AtlusXP5, and the main video is about ego and how it defines people. I think that the next game could focus on ego this time around because it was a really interesting topic and the video was pretty good.

I still want the basis to be in Japan, maybe living in an apartment in downtown Tokyo in maybe their adult years, 20-25 and finishing up College. I hope that instead of the traditional 1 year cycle, that maybe they can make the game span for 2 years, considering blu-rays have much more space than the dvds that the ps2 had. The internet scenario is pretty interesting though as you guys have brought up because Soul Hackers is kind of like that and the story is really interesting.

Edit: Someone mentioned the Wii U and SMTxFE on a reason why Persona 5 would go to that system. I really do not believe that has an influence at all, because if you look at the trailer for the game, there are zero Persona characters in it. Its all SMT main series characters. Which leads me to believe that Atlus is going to keep the Persona franchise exclusive to the Playstation systems while other SMT games are going to stay with Nintendo, even though they could sell better on Playstation hardware lol.