Monolith Soft, the developers of gems such as Xenosaga, have opened a new studio in Kyoto and put up a recruitment page seeking staff for an untitled Nintendo 3DS game. The company is looking for effect designers (map and battle screens), motion designers (for monsters and characters), and 3DCG experts (character and 3D map modeling).
Monolith, a Nintendo subsidiary, recently hired en masse for an unknown Wii U project. The company also contributed to production for The Legend of Zelda: Skyward Sword. Your guess on what this new game could be is as good as mine, but my money is on a new RPG. Perhaps a Xenosaga title for the 3DS?