Monolith Soft has shared what appears to be concept art for their 3DS project they are working on. They posted the art on their Japanese Facebook page. They are looking for staff to assist them on the game. The positions are for their Kyoto office, which is the team manned by Yasuyuki Honne and the team that developed Baten Kaitos and Baten Kaitos Origins.
So what does everybody think? The game certainly looks fascinating! I can’t help but think of the Wizard of Oz when I look at it. Hopefully we’ll have some news regarding the game soon, maybe at E3.