It looks like Square Enix is investing a lot of time and money into the MMORPG business. In a meeting today, CEO Yoichi Wada stated that there will be a new MMORPG announced by Square Enix sometime in the current fiscal year. This fiscal year will end March 31st 2011 for Square Enix so there is a decent amount of time for the company to work on their presentation at least.
The new MMO will operate alongside Final Fantasy XI and Final Fantasy XIV with both titles still receiving support from Square Enix in the future. The meeting also addressed the issues with FFXIV (still free to play) and said that fixing the title is in their sights but will take time. The meeting notes translated by Andriasang say that the large scale MMO is being heavily invested into by Square Enix. Lets just hope it will be better than FFXIV was.