I always thought it was just rumored.

http://www.rpgamer.com/news/Q3-2005/090705a.html

Maybe the announcement was wrong or mistranslated here, but Sony has that title listed. I have no freaking clue on what to think of it anymore. It's been more than 3 years. Money is probably the issue. They did make like 3 MegaTen games on the PS2 after that "announcement."

Yeah... and the announcement happened back when we thought the PS3 was going to kick ass. (Sales wise.)

Which is why I think it was canceled... the assets are probably just in the company database incase they ever decide to go back to it.

Well with the fall of SquareEnix, off their JRPG throne, many are looking for a replacement.

I have fallen so in love with Persona series. I am currently obsessed with completing my collection of the "Nine Devine Angels" in Persona 4. I have Angel,ArchAngel, Power, Principality, Dominion, Virtue,etc. I am only missing 3,2,and 1. Then I come to find out yesterday that there is ANOTHER order, "The Big Four" angels that stand about the Nine such as Gabriel, Micheal, etc. This game gives me the feeling of Pokemon with collecting Persona, a feeling of being in high school again, while boldly going where no RPG has gone before(Such as the hilarious sexual mishaps of Kanji, especially during the "Club" part of the game). My roommate hates RPGs yet he will actually sit there and watch me play P4 like its a TV show. I LOVE IT!!!

Sony did say they have at least 2 un anounced exclusive RPGs to anounce this year. There is a strong chance that one of them might be SMT game. I hope So.

But it was announced.

I'd put the odds at unlikely at best.

Despite rave reveiws the game still isn't the biggest seller.  Nor have they ever been the most impressive technically.... and for whatever reason all anybody focus on review wise when it comes to PS360 is graphics.   If the graphics suck, goodbye review scores.

Really atlus is in a tough spot.

I think you are exaggerating. Sometimes you seem so anti-HD that I wonder why you bothered getting a ps3. Valkyria Chronicles didn't have the best graphics out there (just excellent art style) yet it was rated generously by most reviewers. Even GTAIV's graphics suck IMO and it's gotten the best reviews to date. I don't know where you got this idea from.

They could do what Nocturne did.  With the cel-shading and the unique art style and what not.  I would like to point out Tales of Vesperia which wasn't that visually impressive technically but had good use of cel-shading.  I doubt Tales games are that much more expensive to make then the SMT/Persona games are.

I don't think you can qualify SMT for PS3 as announced until we get some hard facts about the game, images, trailers, something.

Sony has some Trojan Horse surprises this year, just you watch. You will probably be gleefully shocked.

SMT PS3 will go very nicely beside WKC as the JRPGs for PS3 this year.

GTA games are GTA games.  I mean GTA had numereous actual techinical problems and pop ins and it still got 10 out of 10s.  It's a bit different.

VC art style was unique... and actaully very well done.  

I don't see them chaning up the persona art style because that's well the signature... and it leads to angry fans... and when your a small fan lead title that's bad.

You can call me anti-HD all you want, but in reality i'm just talking about real concerns.  Any bias you may see likely are just a refletion of your own.

Also not only do i have a PS3.  I've got a 360 now too. 

 Ditto.