Kingdom Hearts III Announced As In Development

Much to my absolute shock, Square Enix announced at the Sony press conference that they are actually working on Kingdom Hearts III. I would have sworn that they would have announced the Kingdom Hearts 2.5 Collection first, but who's to say that won't release first. After all, this is just in development.

Check out the small trailer below. Not much gameplay has been shown, but KH fans will take whatever we can get at this time.