Yoichi Wada, president of Square, has recently affirmed the Japanese release of Final Fantasy XII. However, the anticipated date is vaguely set for sometime in 2003. The North American release was not discussed, but Square's track record suggests that the arrival of Final Fantasy XII on our soil is inevitable.
Wada also added that the entire future of the series is being carefully assessed. It is unknown whether this will leave the destiny of Final Fantasy XIII, which is in the early stages of development, hanging in the balance.
In addition to this precarious and vague news, it has been revealed that a new MMORPG is being developed at Square. Unfortunately, Wada was quite close-lipped about this as well. Whether this mysterious new game will join the ranks of another Square franchise or fly solo remains to be seen.