Well, after all this time it had better be "quite far" into development.
VideoGamer asked Square Enix producer Yoshinori Kitase about the status of Final Fantasy XV and although Kitase was a little vague, we did get an update.
First, he clarified that FFXV and Kingdom Hearts III aren't "in competition" with each other. Then, he added that the new FF installment is "quite far into development now" and it's being given "a very high priority within the company." Oh, now it has a high priority? What was it before, when it was announced as Final Fantasy Versus XIII way back in 2006? By the way, if you're wondering, they're keeping at least part of the original narrative for the project:
"Right from the start when we first it announced it as Versus XIII, the game itself was backed up by the same Crystal legend: the Fabula Nova Crystallis mythology that underpins the whole of the XIII series.
So even though it's not necessarily the same universe or the same game, they're all linked and underpinned by the backdrop of that legend. Now it's moved on–obviously the title's been changed to Final Fantasy XV–but that hasn't actually changed. The story and the world is still going to be linked and backed up by that. So yes, there is the link between XIII and XV, and they both share that mythology as a backdrop and a starting point."
Obviously, we don't yet have a release date for FFXV but at this rate, we're not sure we want it. It would have to be a lot better than the recently released Lightning Returns: Final Fantasy XIII for us to care.
Related Game(s): Final Fantasy XV