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If I remember correctly from Persona 4 Arena's story mode, Elizabeth got the Fool Arcana card at the end. I think she now has the wild card to summon pretty much any persona she wants. It's crazy thinking how much OP she would be to have that ability AND everything else she had previously.

There could be a very slight possibility that we may be playing as her in P5. She did leave the velvet room to find a way to free Minato from his role as guardian, so it might be that is what we will be working towards in P5.

Either that or we get a brand new set of OCs. The theme could be something modern. I think P4 came out when TVs were really big, so this time it might be to do with utilising smartphones/tablets and the internet.