News, news, news. Found this recently on Tumblr regarding the producer of Armored Core and Square Enix's Front Mission:
I played Front Mission Evolved to competion and I enjoyed the switch between Wanzer and foot missions, it gave me a perspective of how tall these mechs could be, and what the Wanzers really looked beyond the sprite animated pieces when I played my first and last Front Mission game, Front Mission on the Nintendo DS. It's to bad Evolved didin't do well, and with AC producer Toshifumi Nabeshima on board perhaps there is some hope for Front Mission in the future. As for Armored Core, your guess is as good as mine. Is there any aspect of the Armored Core series that you would like to see in a future Front Mission title?
Also here is the Tumblr blog I found it from: