Monolith Soft is developing a game for Wii U, as well. Their title was not revealed during Nintendo Direct, but Nintendo president Satoru Iwata said Tetsuya Takahashi and the Xenoblade team are creating the game. This will be a new title not tied to an existing series.
Xenoblade seems to be one of those odd games that gets a ton of praise even though no one appears to ever finish it. I love it though, I'm like 15 hours into it and I can't see not finishing it unless something drastic comes up that turns me against it.
I just get turned off by RPGs nowadays. If I had the option of sticking to and playing one though, it'd be Xenoblade. That or maybe Blue Dragon/Lost Oddysee. Last Story seems disappointing. It would have been better with better tech I think.