XSEED Games announced Xanadu Next at a press event this week. They have stated that they plan to release the game for Steam in Spring 2016. Xanadu Next was originally released by Falcom on 10/27/2005 for the PC platform.
There are no more details on the English release for this yet, but I will do what I can to bring everything out for you on it. For the time being, have the first set of English screenshots.