Siliconera, the publisher parked valkyria3.jp near the end of May, which is similar to how the company named similar domains for previous entries in the series. Joystiq contacted Sega, but the company didn't have any statement to share on the subject.
For fans of the fantastic Japanese strategy RPG series, the obvious question beyond the legitimacy of a third installment incoming is: Will the game be for PSP or PS3? We hope for the latter, but if Sega can make better returns on the cheaper to develop for handheld ... well, let's just keep hope alive. Perhaps the upcoming Tokyo Game Show will provide answers. Valkyria Chronicles 2 releases in North America on August 31.