Famitsu asked us to wait for news about a project with Namco Bandai and VOFAN last week. News about it just leaked on to the Internet.
The game is called Eternity and Time and is being developed by Sands of Destruction maker Imageepoch. This will be Imageepoch’s first title with the company. Animation studio Satelight (Persona 2 intro and Macross Frontier) are a joint developer creating animated event scenes for the game. Reports state there is a hand-drawn anime look for battle and field scenes.
Eternity and Time is in development for PlayStation 3.
Update: Looks like monsters are on the field as seen in this scan.