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[Valor]

So in the past few days there's been a relative swell of talkings about Final Fantasy XV.

According to rumors, it should be announced by the end of the year. Originally it was expected to be announced at E3 2012, but it wasn't. Coming from a credible source who has broke other news before time such as Final Fantasy XIII's announcement and other things such as this... here's what they said as a way to atone for the wrong assumption about E3 2012.

• Including the concept planning and pre-production phase, the game has already been in development for over 4 years.

• It entered full production in January 2010, a month after FFXIII was released in Japan. Since then it has had a development team of just over 200 people.

• The director is the same person who directed FFVI, FFIX and FFXII.

• The co-director led a small part of the development team to make Tactics Ogre for the PSP in parallel with FFXV. He's currently multi-tasking as lead UI designer of FFXIV 2.0 and co-director of FFXV.

• The game design and battle system will be a major evolution of FFXII.

• The game will be open world and have sprawling, crowd-filled cities on par with Assassin's Creed.

• The battle system now allows you to target different parts of an enemy’s body like in Vagrant Story.

• Yoichi Wada (president of Square Enix) wants the game to have a world scale and volume of content that surpasses The Elder Scrolls V: Skyrim. He also wants the game to surpass FFVII in worldwide sales and critical reception.

We can take this all with a grain of salt, of course. Coupling this with other rumblings around Kotaku about Versus XIII's development being put towards another main series Final Fantasy (thought to be XV) perhaps these claims can be true. I guess we'll have to wait and see what TGS brings us.

Discuss any rumors or speculation about this title here.