Square Enix Are To Make Their First "Global" Game In Montreal.

Cue, Square Enix's president - Yoichi Wada - confirming that the company's first "global game" is in development in Montreal. The game is being developed alongside Thief 4 and Deus Ex 3 in Eidos' Montreal studio. Of course, those up to date would know Square Enix purchased Eidos earlier in the year.
[quote]
“[It] would [sic] be the first collaboration between Square Enix and Montreal,” said Wada.

“We would like to be able to create an new title that is made by the group as one.”</blockquote>

There's no real word as to whether the game is based up new IP, or an existing franchise.