N-Europe are massive fans of the Dreamcast epic Skies of Arcadia, the directors cut of which was released on the GameCube with the subtitle Legends. And despite being largely a port, it was probably the finest RPG on the system (Tales of Symphonia fans, form an orderly queue).
Anyhoo, the fairly reliable German Sega blog Sega ON are reporting from a trusted source of theirs that a sequel is a "definite", and will be unveiled at this Autumn's Tokyo Games Show. N-Europe don't want to raise your hopes unnecessarily, but this was a blog that was one of the very first with all those Sonic Unleashed rumours, and gamers all know how they panned out.