http://www.square-enix.co.jp/0706/

Speculate away. If you look really closely you can see a 4 which could very well be a clue. :O

Final Fantasy IV re-remake!

uhhh they already remade it for DS

Yes. Now they're re-remaking it, exclusively for the Xbox 360.

Setting looks like Radiata Stories, but the 4 doesn't make sense. The 4 would make sense in a Star Ocean 4 PS3 port, but the environment is totally unlinke SO...

I predict the countdown to give us another countdown.. and so it will continue all the way to TGS in about 2 months :) No?

Maybe the screen will start to fill in with artwork as the timer goes down.

Romancing SaGa 4, maybe?

I'm going to bet that SE is going to bend over again and make a 360 exclusive game by accident again (i.e. last remnant)

Seiken Densetsu 4