I thought I would create this topic to speculate on Monolith Soft's Wii U project. It has been at least 2 years since the release of Xenoblade so I'd like to think they are hard at work on it. I'm constantly checking their home page for updates and for a while they have been currently hiring for new staff.
First of all, for some of you who may not know, Monolith Soft are known, primarily, for creating some of the most fantastic RPG experiences and are responsible for creating Xenosaga, Baten Kaitos, Disaster: Day of Crisis, Soma Bringer and the more recent, critically acclaimed Xenoblade Chronicles. Xenoblade received universal acclaim from reviewers and some time after Xenoblade, the remaining shares in the company were bought out by Nintendo making them a first-party developer.
Monolith have at least three divisions, one division is currently developing for the Wii U at their Tokyo headquarters, which Tetsuya Takahashi is likely to be heading. Another division is developing for 3DS at their new Kyoto studio, which is being headed by Yasuyuki Honne. And I think the last division worked on ProjectXZone.
The following is a piece taken from the fansite, 'Xenoverse':
"Tetsuya Takahashi and Koh Kojima stated, in an interview on MSI's official site in 2011, that now the time has come when game creators can do anything and make their dreams come true. Takahashi said that he would like to see people on the development team who isn't a player or interested in games, but who knows art and literature well. There will be a new designer, a woman named Kiko, and both groups (3DS and Wii U) from Monolith will be working on this project, which suggests that this project will be really big. Maps are said to be similar to Xenoblade, and that Xenoblade was just a trial for this project - what is possible to do today with JRPGs and how the world will respond. They want to do a story that even if someone doesn't know Japanese culture it will be fully understable for all players, no mater where they live."
Recently, Siliconera tweeted Soraya Saga asking about her involvement in an 'unannounced RPG', which can be seen on her Wikipedia page, her reply was "no comment " Maybe she is working alongside her husband on the Wii U project?
I am extremely excited and can't wait to hear more news on whatever it is they are working on, but for now, I guess the only thing we can do is speculate on what that could be. So...