The question has now been answered. A few months ago, Square Enix trademarked Radiata Stories, and now the game is officially underway, with tri-Ace developing the title.
Radiata Stories will feature around 150 characters from which to form a party. The player selects from one of two heros at the beginning of the game: Jack Russel, a fencer; and Ridley Timberlake, a knight. Battles will consist of four party members, with the hero connected to the other three members through a Link System.
Radiata Stories is expected to be released in early 2005 in Japan.
Ahem, l'ennesimo clone di Suikoden?