The game is due to be released simultaneously in the US and Japan and will be for both the PS3 and Xbox 360. At this point, the release date is still TBA. No mention of a European release, so we'll assume that it'll be up to twelve months after that, as usual. The backstory sounds fairly standard epic fantasy, but knowing Square Enix they'll put an interesting twist in there for us. An ancient race. Immeasurable power. You've heard it all before. A sword the size of a mountain at the heart of the town of Athlum? Alright, I've not seen that one before.
Similarly to Final Fantasy XII there will be numerous bizarre races living together in the world of The Last Remnant. The eponymous Remnants themselves will feature in the game as machines, beasts and weapons that vary in size. This title marks the first game Square Enix are developing using the Unreal Engine 3 which we noticed they licensed earlier this year.
No doubt we'll see some more information on this title coming out of the Square Enix party that's happening this month. Until then you can read the details in this month's issue of Game Informer.
[UPDATE] Siliconera has removed the transcript and apologise for abusing Game Informer's intellectual property and merit. If you want to read the full article, be sure to pick up a copy of the latest issue of Game Informer.