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I gave this some thought... its possible that capcom is developing this game internally. The team that made DMC4 didnt make 5 because they were busy making Dragons Dogma.

But, if you look at sales, DMC/DmC sells more than DD. Dragon's dogmas came out nearly 2 years ago, with the dark arisen addon last year. This team has got to have been working on something in the meanwhile. A 2ish (taking into account the paralel development of Dark arisen) year cycle for this new game would come out in 2015.
This could realisticly be a new game coming out next year. A DMC5.

Another interesting point is that DmC already has a PC version. A definitive edition doesnt make much sense unless its just to bundle the DLC. With that said, i also remember reading rumors that Ninja theory was already working on new consoles, wich was followed later by another rumor that said they were gonna focus on phones now.

But theres a hole in my theory cause i dont know who is developing Down below. If its this team then my theory falls under.

My bet though is that DMC5 is incoming from capcom's internal studios, for better of for worse. Personally, i wish they had 2 paralel series cause i enjoy them both.