We could have easily seen this coming given that the MegaTen franchise is Atlus' main moneymaker, but I still can't help but be excited.
Basically all the information present is a simple product listing on Amazon.jp for "Shin Megami Tensei (Working Title)"
A new Persona game was probably a forgone conclusion, but as Siliconera points out, the Persona games (and Devil Survivor) don't use the Shin Megami Tensei title in Japan. Instead they use Megami Ibunroku, which basically means "Goddess Side Stories," denoting their status as outside of the main franchise.
What could it mean?! A new flagship title on current-gen systems, or a simple placeholder for Persona 5. Get speculating!
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Contest:
12:15 PM on 01.18.2010 | 
I'll go with 3 then (story tends to take priority over gameplay for me, too). I just hope the PSP remake is as good as the original PS2 version.
I just started with 4. Duitttt
Also, YES.
4 actually has a few references to 3, but only one of them is really "important," and even that one probably won't mean anything in the future. I always say start from the beginning of the series if you can and work your way forward, even if they don't really connect. There will always be throwbacks you'll miss out on if you don't.
I seriously doubt its another Persona, its also the last thing we need another installment of.
I also question it being a main series MegaTen game, as they jsut produced one for the Nintendo and they don't fullow up main series installments this quickly. Also, if you want to debate SJ's status as a main series entry, please refer to SJ's website where it's history is placed against SMT, SMT II, SMT: If... and SMT III: Nocturne. It is indeed main series and as evidenced in SMT: Nocturned, SMT is a multiverse of worlds, so it doesn't have to be in continuity to any other game in the main series.
Tagging Nocturne with a III was misleading anyway. It wasn't a follow up to SMT II.
Its interesting news, but quite frankly, SMT is too good for the PS3 audience.
Also "SMT is too good for the ps3 audience?" lol?
SMT games tend to be the antithesis of the modern presentation elements PS3 gamers mindlessly crave. No acting, dialog is sparse and even more frightening for those bred of JRPG is that choice actually matters and the games bear actual challenge that you can't maxh X to win on. SMT main series games have a very western perspective, making me reluctant to tag them as JRPGs.
At any rate, the only Persona product I want right now is a remake of Persona 2: Innocent Sin/Eternal Punishment. We don't really need a Persona 5, the dev team almost went insane making Persona 4. It was the story-planning that made it difficult, characters had to be in certain places on certain days and then the weather could affect whether they showed up or not. It was said to be rather maddening to design.
Wouldn't surprise me if the went back to moon phases.
I just don't think games need to "rise above cult status" in order to validate their goodness, in order for that to happen compromises would probably have to be made to appease more tastes and be careful what you wish for there. IMO P3 and P4 had subtle compromises that made them more appealing to more people but that is neither here nor there.
Again, I am glad that this news means they are hopefully working on a new title. I really don't care what console they come out on, as long as they keep 'em coming.
I just hear so many Sony gamers in the series sounding interested in the series, but they seldom follow-through on that interest because they think Atlus should be like everyone else, have big production values, voice overs and publish lots of copies.
Atlus is still around because they don't focus heavily on these points. They aren't trying to be Final Fantasy, but that doesn't mean they should be overlooked for it, either.
We all like seeing our favorite games succeed, I just don't see PS3 as an environment where games like this can thrive. PS2 was an environment where it could, but PS3 is no PS2.
I cannot wait, though it was rumored in EGM 5 or 6 months ago.
I don't know about this expensive business. I just recently got into the persona series and bought p4 at my local gamestop for a cool 30 dollars new. Granted, it was the last one in the store, but I have to say, for the game I got, 30 dollars is a fucking bargain to say the least. Maybe you were talking about some of the older titles, and I can see where you coming from there, but p1 and p3 are on the psp now. I mean, so they didn't re-release the p2 games. That's not THAT big of an oversight is it?
@Silent Protagonist
I think your neglecting the potential of a new audience that a system change could grant. I put off playing p4 for the longest time because I didn't have a ps2 anymore. Putting a game on the ps3 almost necessarily promises a greater audience as there are all the kids who didn't have ps2s to begin with and the people who already love megaten will either have or get a ps3.
I want to see the franchise go somewhere it can be profitable and still succeed., I don't think PS3 is that platform.
Also, Demon's Souls and 3D Dot Heroes are games published by and not made by Atlus. Without the desire to publish them from Atlus USA, From Software would have never released them in the states. They would have just kept on bringing Armored Core games.
I could see something in the vein of Digital Devil Saga; SMT games are at an all time high in popularity, and something like that could really sell, at this point. Something with a more character driven story. I mean, personally, I'd like a proper SMT5 (because Strange Journey is supposed to be 4), but I don't think that's likely.
If they really want to introduce PlayStation gamers, its best done with a main series entry because we've seen a big resurgence in western RPGs and main series SMT makes a stronger appeal to the freedoms of western RPGs than it does the typical JRPG while retaining a harder edge to it.
Digital Devil Saga does share that gameplay edge, but both it and Persona are much more traditional JRPGs, even though there is a degree of choice and ways to customize the story experience they are a bit more less focused on alignments and Persona much less about character customization outside of the main character.
PLEASE BE SHIN MEGAMI TENSEEI 4.
The main series is much deeper, darker, religious and philosophical than the spin-offs (Persona, Devil Summoner, etc.), and thus would likely benefit more from the power of the PS3 than a spin-off. If you played the first Shin Megami Tensei and Nocturne, you would know just how epic it will look. Wow, I'm just pumped to look at all the demons (personae, for the newbies) in their current-gen glory. Also, could this be the first true SMT game with voice acting? Hmmmm... I just hope its minimal, for the sake of atmosphere.
For every single Persona game created,I have found some Persona fans who go around blabbering about its greatness,as if it is greater than Jesus.Sheesh.I just want something like Nocturne or Digital Devil Saga to be created once more.Close to no comedy,serious and solid gameplay,hard-ass difficulty,gloomy music,and an epic storyline involving Abrahamic gods.That's all I request
(Note:I'm not a goth.I'm just trying to get over the moe anime's this current season has to offer.)
E3 can't come soon enough.