"In a recent interview with the popular Japanese magazine Dorimaga, the President of Level-5 software, Hakihiro Hino talked about the cancelled Xbox project, True Fantasy Live Online. He revealed quite candidly that one of the major reasons that the game was never released was because of strained relations between Microsoft and Level-5. But even more interesting, was what Hinto said next: "that production was about to be resume on True Fantasy Live Online once again.
Which system the game would be finished for wasn't specified, but president Hino did mention in the interview that the chances of it coming to the PlayStation 2 and PC were rather strong."