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Michael-5 said:

oh really? But that won't release any time soon will it? X is their priority right?

Monolith Soft has at least 2 teams, one in Tokyo and one in Kyoto.

http://en.wikipedia.org/wiki/Monolith_Soft

The Kyoto studio is relatively new and small, and they were hiring staff for a 3DS project in 2012, before Project X Zone was out. Then, at the beginning of last year, they were hiring more people. I believe this is from where the rumored 3DS game comes from.

On a related note, the Tokyo studio is recruiting people now...