I don't see the problem for From to keep alive both flavors of the Souls franchise (Demon's and Dark) they already did this in the 90's and 00's with King's Field, Shadow Tower, and even Eternal Ring. If that leads to having a new Souls game on the PS4 every year, I certainly don't see the problem for us!
Of course this Project Beast could still be an Souls Gaiden kind of thing and not a full blown Souls game. Maybe they've ditched most of the character customization and multiplayer and gone for a more straightforward style of action game. I certainly hope not, but on the other hand a game of this lesser scope could more easily be ready to ship in 2014.