[Update: Namco Bandai has just announced the game will see a US release. More official screens have been added to the gallery.]
Although Armored Core V didn't deliver the goods for a lot of people, I still have hope for the franchise as a long-term fan. Namco Bandai is going to attempt to rekindle that with a new game in the series: Armored Core: Verdict Day for the Xbox 360 and PlayStation 3.
It'll be set in a chaotic future, with varying factions vying over resources. You can form squads in multiplayer or play with AI in a solo campaign. Operator Mode will return, and save data will also carry over from V.
Right now we only have a Japanese release date of this summer, and an announcement of a Europe, Middle East, Africa, and Australia localization as well. There's no US release information as of yet.
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destructoid's previous coverage: Armored Core: Verdict Day