A sequel to the once popular Drag-on Dragoon franchise, or as it's called in North America Drakengard, has been announced by publisher Square Enix in the latest Famitsu edition. Drakengard 3 will bring back the fast paced action the series is known for, including both ground-based and dragon aerial combat. Details are currently scant, but expect more information in the next few months.
What won't be returning is the series' original developer, Cavia, which closed in 2010 after Nier failed to find commercial success with western audiences. Instead, Square Enix is handing the reigns over to a new contender in the industry -- Access Games. You may recognize their name as the developers of Deadly Premonition and the home of Hidetaka "SWERY" Suehiro. Ooo, this sounds promising.
SWERY won't be on the project, of course. Instead a remnant of Cavia and Drakengard's past will be coming back to direct. Yoko Taro, who Square Enix picked up from Cavia's collapse, will lead the project after 10 years since he worked on the original. As such, it's clear that despite the new developer, this will be a modern Drakengard game made for classic Drakengard fans. No news on a western release yet, but expect news on PlayStation 3 exclusive Drakengard 3 soon.