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[eastside49er]

I got from the Teamxbox forums, but its from the new EGM:

"The man who created FF formed a new stuidio "Mist Walker". Sakaguchi is making a game for next gen consoles and he is talking to both Nintendo and Microsoft and which system his project will call home."

 

[Lakitu]

Yes, we have heard this rumour

 

[AniHawk]

Yeah, it was announced/discussed a while ago.

For future reference, there's a search function at the bottom of the page. Search key names or words if you think it might have been posted before, because it probably has.