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Samus Aran said:

No, Nintendo said Intelligent System is co-developing it.

So either that's still the case or Intelligent System found the game to be so bad they didn't want anything to do with it.

The Intelligent Systems logo was not shown in the new trailer. Only Nintendo and Atlus. I recall them saying it was mostly being made by Atlus at some point, but I could be mistaken.

Your attitude is ridiculous. The Persona series is very highly rated. Persona 4 Golden is one of the most-praised RPGs of the generation. We don't know anything about this game other than that it looks vaguely like Persona, which is absolutely not a bad thing. Your disappointment that it isn't just a Fire Emblem game is not cause to immediately dismiss the game as bad.