I recall Itagaki being involved with Fatal Frame 4... Oh wait, that's being developed by Tecmo isn't it?!...
Hmmm, hope he goes to Nintendo and gets a crew of like ~30-50 to start his own franchise or something. Sort of 2nd party.
Otherwise, I think he'll be starting up his own independant studio which will feature a few people from Tecmo (who will follow him and resign from Tecmo). I guess that he'll be developing for Wii/X360 then, and maybe a DS side-project.
Why X360 and not PS3?! They guy made DoA4 and NG2 for 360. He's got experience with that system. Wii, obvious... DS, also obvious.
THE NETHERLANDS