Nomura's interview with Famitsu has shed light on alot of thing the 1st production team at Square Enix has been upto. Apparently KH3 will begin soon and will be the finale for long time antagonist Xehanort.
And on VERSUS XIII they're using controllable cutscenes and Noctis has a camera phone, so we can take pictures whenever we like. The HQ model and LQ models aren't that different (with the exception of hair quality) and there were 3 screen shots that Nomura showed Famitsu (SE would not allow them to be published), but the Famitsu editors were really impressed. They said it looked like actual photos. And (the kick to the groin is) Nomura also said that core development team has yet to enter full production on the title. They have begun recording voices now, and they're recording 4 voice actors at the same time to recreate realistic conversations (peoples voices overlap) which is pretty cool.
Sources:
Japanese
English translated courtesy of Andriasang
Slightly disappointing that they haven't ramped up earlier, especially since they already showed gameplay videos and whatnot. Hopefully TGS this september will shed some more light on the much anticipated title!