Well, shit. Turns out it's a thing.
It seems a LOT more Techmagic than previous entries, apparently this is being considered a new series rather than a straight sequel but hey, I'll hold my breath until we see something really tangible.
Media Vision can probably handle this, especially since the guy at the helm is the director of the first Valkyria Chronicle game. And speaking of which, they're actually remastering it for the PS4 too, that's welcomed. Breathe some life into the series again.