According to Siliconera, not only has Square Enix announced a sequel to Cavia's Drakengard series in the latest Famitsu, but Square has also announced that they will be bringing back certain key Drakengard team members from Cavia, which was dissolved into Marvelous AQL in 2010. Among them is the character designer for the series, Kimihiko Fujisaka, who also did the character designs for Last Story, the director of the original Drakengard and Nier, Yoko Taro, the producer for Drakengard, Takamasa Shiba, and Keiichi Okabe of Tekken and Nier fame will be handling the music.
But those three people aren't going to make the game all by themselves, and you might be interested to hear who will be joining them on this little adventure. Why, it's none other than Hidetaka Suehiro's own Access Games. Now, obviously Swery won't be directing the game, since Yoko Taro will be doing that. But while Deadly Premonition was a bit of a mess in the gameplay department, their other games have all been fairly well realized. At least as well realized as anything poor Cavia ever put out. Spy fiction was a fantastic little game, and Lord of Arcana was a solid dungeon crawler as well. So this is definitely going to be an interesting project on pretty much every level of development.
From what little I've gathered from people translating the Famitsu article, the story sounds like it's going to be about as insane and dark as Nier and Drakengard before it, and I can't wait to hear more about this game. Quite possibly the best news of all is that the release date is set for some time in 2013.
There's just nothing else quite like the original Drakengard and Nier. They truly are games without paralell. On a narrative level, they are unrivaled. And even on a game play and art design level they are so wildly different from anything else out there. So I am beyond excited to see these people have the chance to get the band back together and make what I can only reasonably assume will be another fantastically original game.
If you are not already familiar with Cavia's games and would like to become more familiar, it might be worth pointing out that Nier is twenty dollars new these days and is a fantastic game that is well worth playing.