It currently has the temporary title of “White Knight Chronicles: New Project” (clever!). The game’s concept is being created by Level-5, the studio behind the console games. The game development itself will apparently be handled by Sony Computer Entertainment Japan.
From the teaser in the upcoming issue of Japanese game magazine Famitsu, White Knight Chronicles: New Project seems to sport new characters and a new story.
The first White Knight Chronicles game was released in Japan in 2008. The sequel will be released in Japan next month.
More details as they come.