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Everyone says "THE" MMO....how do we know that SE doesn't have more than one in development. Do they tell the public everything they have planned and are working on? Maybe they have a second mmo under development that is "unannounced." Does info on one "mmo" mean they can't be doing something totally different for another mmo?

It's possible. They've developed a couple smaller MMOs in the past (Front Mission Online, Fantasy Earth, Concerto Gate) and there's a decent chance they're working on more. But this mystery project is their "big" MMO, the one made by Hiromichi Tanaka's FFXI team (so yeah, bad news to those of you who hated FFXI). If there are more MMOs in development, this one is definitely the highest-profile and biggest-budget one, and I'd guess there's an 80% chance it's Final Fantasy branded.