Say it ain't so!!!
Unfortunately, a friend of mine told me that the people who created Shin Megami Tensei and Persona have officially been dissolved by their parent company and with the evidence online as proof it's all true. I don't blame them; it's tough out there...but still man!
However, aside from the company being gone, word is that they're in the works of their first 3D RPG for PS3 and Xbox 360. It's called "Catherine" and it's well..."different" in how they're are being risque on how this game will playout ^^;
(Ripped from Wikipedia xD)
You play as Vincent, a salaryman who one day bumps into a mysterious 22-year-old woman called Catherine. Later that night, he begins to have nightmares which transports him into a world of unending staircases. In order to escape from his recurring nightmares, Vincent has to keep on reaching the top of the staircase.
It's weird but interesting. An interesting kind of weird 8P see for yourself...if you dare--->http://www.youtube.com/watch?v=NqVOssrCTd8&feature=related