http://www.gamasutra.com/php-bin/news_index.php?story=21125
Some more new info here: http://www.neogaf.com/forum/showpost.php?p=13702599&postcount=119
UPDATE:
So looks like SE has made some moves with new studio.
http://www.gamasutra.com/php-bin/news_index.php?story=22767
Gamasutra said:Tokyo-headquartered developer and publisher Square Enix is building a new studio in Los Angeles (El Segundo) that is working on an action-oriented game based for an original IP.
Gamasutra said:According to the career section of the Final Fantasy company's U.S. site, it is seeking to fill several positions for the new location, including the roles of Xbox 360 software engineer, product manager, 3D artist, and more.
Gamasutra said:The studio's job listings advertised on other sites say that it is looking to "to lay the foundation for a solid development team," calling for software engineer applicants with Xbox 360 and Wii development experience.
Some more new info here: http://www.neogaf.com/forum/showpost.php?p=13702599&postcount=119
UPDATE:
So looks like SE has made some moves with new studio.
http://www.gamasutra.com/php-bin/news_index.php?story=22767
Gamasutra said:Publisher Square Enix has licensed Emergent's Gamebryo engine, but has not yet announced what projects will make use of it.
The deal grants the use of Gamebryo to all Square Enix operations worldwide, but it was inked by the company's North American office, which recently opened a development studio in Los Angeles.
"Gamebryo offers a flexible framework, allowing us to develop effectively and efficiently for any target platforms," said CEO John Yamamoto. "Gamebryo's engine provides the ability to integrate our internally developed tools into a proven, stable tech solution which allows for more time to be spent on innovative and creative gameplay."