As mentioned yesterday, we were expecting something related to Star Ocean to pop up soon. It seems those expectations were correct, at least according to Japanese gaming magazine Famitsu (and via Gematsu).
Star Ocean 5 is in development for PlayStation 4 and PlayStation 3, and it's being made by developer Tri-Ace. According to the report the full title of the game will be Star Ocean 5: Integrity and Faithlessness.
Battles seem to be seamless and in real-time - according to Famitsu - and it sounds like we can expect lots of active battles filled with combos.
A release date is still unannounced, but the game is being published by Square Enix as expected. We'll share more with you as and when we know more.