Well, what do you know! Just yesterday,
BlazBlue came up as a brief news topic. And today, the Japanese developer Arc System Works has
announced its new game project, tentatively titled
Xblaze, along with a
teasing trailer. They referred to it as "another Blue story", so it might have some connection with the studio's popular BlazBlue fighting games.

Xblaze is the first game coming from Arc System Works' vaguely titled "Adventure Project", in winter 2012 (no platform was named so far). The trailer was first shown today during a special stage event at the "Blue-Revo" competition for the
BlazBlue: Continuum Shift 2 game, held in Tokyo. Also at the event, producer Toshimichi Mori mentioned that the second game in their "Adventure Project" is in the preliminary stages, as well.
But whether or not they will be actual, genuine "adventure" games, well, that we'll just have to wait and see...