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Looks like that "New Title" Namco Bandai has been counting down to is for the 3DS.
DISCUSSION
I'd be interested to know if whatever it is has a US release. Hopefully they see that they have a substantial market for US (and elsewhere) audiences. Already bought 2 copies of SMT IV (one as a gift). It's getting disheartening to see so many cool looking Japanese games never localized. Like that Macross 30 RPG for PS3.