So far, they have stated that it will have a completely new setting, new characters, and new game system. It is also the first game of the Kiseki titles to drop the “Legend of Heroes” title and use the Kiseki name on its own.
Currently, the info from the press release says:
Release Date: TBA
Platform: Playstation Portable
They have also released a teaser video for it:
I will try to get a subtitled version of that up eventually- probably sometime tomorrow evening.
Square Enix DID trademark a ‘Path of Nayuta’ today. This is not the same title. They trademarked ?????, not ??????. These are two different titles.