I still think this is coming in Japan for Holiday 2014. SE need a big game in order to make some profit in this next fiscal year. Nomura is not going to release KH3 before this so that's out. The last Dragon Quest bombed and is going to take some time before 11 gets announced/released. TR2 might get announced but won't release this year. (That barely made profit anyways)
Everything else is done. FF14 is done on all platforms with PS4 coming in April, the FF13 saga is now all done. Drakengard 3 is done with a US release in May. They'll probably have a small team on KH2.5 this year so all resources are free to move on to this game.
This would be a huge advantage for Sony as well for the PS4 push in Japan. My prediction is Dec 2014 for Japan release.
