Siliconera recently interview Kensuke Tsukanaka, the producer on Project X Zone 2. During the interview they started talking about Baten Kaitos and why none of the characters showed up in the crossover game. He eventually stated that they would need to have fan feedback and responses saying there is a strong interest in more Baten Kaitos games. He pointed fans towards Namco Bandai as a starting point, not able to say any more about the games.
Source: Want More Baten Kaitos Games? Let Bandai Namco Know - Siliconera
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