Hopefully you weren't anyway. If you were expecting it soon, sorry to have ruined your day.
Kingdom Hearts III director Tetsuya Nomura is also directing Final Fantasy XV. This conflicts. You may remember Final Fantasy XV as the game that was originally known as Final Fantasy Versus XIII before being renamed and relegated to next gen with a trailer that was enticing enough to melt my cold cynicism about its prospects, what with the bloated development time and slapdash name change.
Speaking to IGN, Kingdom Hearts producer Shinji Hashimoto stated the obvious, "Both [Kingdom Hearts III and Final Fantasy XV] have Tetsuya Nomura as their director, so we can’t create these two big games at the same time." I assume this means Kingdom Hearts III development hasn't even started yet, hence the paltry E3 showing. Final Fantasy XV doesn't even have a release year, so maybe Kingdom Hearts III is the next Final Fantasy Versus XIII and ends up on the PS5 and Xbox Two.
"A lot of people have wondered for the last couple of years if Square Enix has actually been working on Kingdom Hearts III; that’s why we announced it at E3 this year," Hashimoto said. "But please, we need you all to understand that there’s a lot to do." I understand. I don't understand why Kingdom Hearts III was announced this early.