a recent interview with Kikizo, Team Ninja's (relatively) new Commander-in-Chief, Yosuke Hayashi, confirmed that Team Ninja would continue to work towards "the future of an outstanding series." Said series being, of course, Monster Rancher. Or, wait, no -- Ninja Gaiden. Yeah, that one.
Hayashi explained the demand for a Ninja Gaiden III had reached a fever pitch, claiming, "what the consumers, the gamers are looking for is going to be the next chapter," and, "that we're in a position of being able to make that call, and to provide pure entertainment that's going to be enjoyed by action gamers and our fans." Hopefully we'll find out more about the series' future when we sit down with Hayashi at E3 in two weeks (and some change).