Persona 4, the team responsible for the game at Atlus split in two, with one half tasked with creating Persona 3 Portable, while the other half got to work on "an original new game." According to a translation by Andriasang of the P3 Portable creator's blog, that first game is "nearing completion," and the two teams will re-form [insert Voltron reference here] in 2010.
Persona 4 producer Katsura Hashino says that the re-unified team will work on "an even bigger title" in the coming year, though no details have been formally announced. We'll just have to giddily think about the impending release of 3D Dot Game Heroes in North America, while we wait for Hashino to dish.
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