Kingdom Hearts III

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For those who tuned into today's E3 Sony press conference (June 10th 2013), you will find that Kingdom Hearts 3 has been officially announced for the Playstation 4 and Xbox One by Square Enix themselves.

E3 Trailer



YouTube video down? Try the official Sony upload.

Footage and details to follow.
Let the fangasms begin.

Update: Kingdom Hearts III will also be available for the upcoming Xbox One:
Source
Is Xaldin hogging all the fun? xP

A third blog poster, going by the name of Jade, has posted up their experience at Jump Festa! They have provided pictures of the event, and their own impressions on the event, including their speculation for Kingdom Hearts 3. Once again, thanks Jade!

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Jade's Kingdom Hearts 2: Final Mix+ Information
Jade's KH3 Speculation
What do you think? Do you agree with Jade that this means that by next year Kingdom Hearts 3 will begin development? Or will this be a completely new KH Game?