Persona 5 is making progress says Team Persona producer Katsura Hashino. In this week's Famitsu he says that his staff is currently focused on the next numbered entry, and master artist Shigenori Soejima [I would pay $1,000 to have Soejima draw me as the CorgiKing, surrounded by corgis] has already submitted sketches. According to Andriasang, the game is making progress. Yes!
Here's hoping we see some of it at Tokyo Game Show later this year. Here's hoping it uses the Catherine engine.
Another interesting tidbit from the Famitsu piece reveals that Hashino is working on a collaboration that he says will surprise everyone, though the announcement is a ways off.