The Official White Knight Chronicles website has been updated with a letter from Mr. Hino Akihiro, President of Level-5. Translation courtesy of Neogaf User.
"Everyone, thank you for your patience.
White Knight Chronicle -Pulse from the Past-
It's been a while, but we will be bringing you a lot of new information rapidly, so please check back frequently.
Now, this mega epic RPG is LEVEL5's largest project to date. We went through a lot of hardships to bring the game to this point, but the effort was worth it, and is something we can present with much confidence, as we bring the development to its conclusion.
In this orthodox fantasy world, in addition to the satisfaction of controlling a giant character, we have a transforming hero (lol) which has allowed us to create a world where kids now and kids of yester-year can get excited about.
There is a feature that we haven't told anyone about which we are preparing. We will announce this at TGS 2008 in October so please look forward to it!