According to job feelers extended by Square Enix, the company has designs on building a brand new development studio in the United States, specifically Los Angeles, California. The solicitation for developers notes that the new Square Enix team will be working on "an action-oriented original IP game" with the Xbox 360 and Wii listed as the target platforms.
If you're a programmer with a Bachelor's Degree, a proficiency in C/C++, a nose, and at least one Xbox 360 game under your built, they're looking for you. Just think, you could be working on The Bouncer 2!! Let's hope not, but that's a potential nightmare scenario you should think about.