A sequel to Project X Zone, the Capcom/Bandai Namco/Sega mega crossover, is reportedly in the works. According to Italian website e-duesse, Project X Zone 2: Brave New World for Nintendo 3DS was shown off during Bandai Namco's "Level Up" press event in Milan on April 7th. The game appeared alongside Saint Seya Soldiers' Soul, which was just officially announced earlier today.
Of note, both references to Project X Zone 2 and Saint Seya have since been omitted from the original article (here's the pre-edit screenshot). That's typically a good sign, one further validated by a well-timed teaser site from Namco Bandai. The countdown, ending April 13th, features a city enshrouded in mist. Setting your clock to post-April 13th produces a series of ominous yellow chains.
We'll keep you posted.