Game Arts is licensing out (to Gungho) yet another Grandia. As the thread title states, it will be Grandia Online. Very few details are out now, but 60 lucky contestants will be able to attend a Press Conference in Akiahbara on 05.20.
Worth noting, is that it looks like the original characters are in the game. One RPG I would love to replay but simply don't have the time. If they can capture the battle system w/ some co-op play, this could be quite fun.
EDIT: It notes that the images are from the original. So, this could be bad like every Grandia since the good but not spectacular II.