Yep, XII is already on the way. Square-Enix doesn't get tired of making more and more Final Fantasy's. Here is some info borrowed from IGN. The game feels and looks like a mix between Final Fantasy X and Final Fantasy XI.
First traditional RPG installment in Square's long-running Final Fantasy series since Final Fantasy X. While Final Fantasy X-2 offered a mission-based structure, Final Fantasy XI explored online roleplaying, and Final Fantasy: Crystal Chronicles focused on multiplayer link-up gaming, Final Fantasy XII (12) goes back to the meat of the series by offering a sweeping storyline, a party setup, and character advancement. The game follows the exploits of main character Vaan who can join forces with at least two characters at the time. Final Fantasy XII is being produced and directed by Yasumi Matsuno and is slated for release on PlayStation 2.
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