reporting of the news. Or what they consider news.

I assume Square has other projects in the works they're keeping secret from us fans.

I tend to think those are FF related though. Like I have said in another discussion Square seems to have abandoned other games/series they own the rights to. Some fans feels it's justified for them to have done so. Others disagree.

I happen to disagree.

Whether this new system is for Agito or something else who knows ?

Square does own Eidos now as well so we'll have to see what they do with that company's products, if anything.