Today on February 21th, Namco has announced a new Tales game on the Namco Tales Channel. According to the the index site, the new game is called ‘Tales of Fandom Vol.2’.In 31.12.2002, Namco once released Tales of Fandom Vol.1 for the Playstation 1, but because of several unfortunate reasons (the successor Playstation 2 was already released, the Tales games were not so sucessful so a release would be worthwhile, and so on ) it never comes to neither the U.S. nor Europe. However, as fas as I could read on the site, the games release will be somewhere on summer 2007. The artist Kosuke Fujishima will also create completely new character pictures for the dialogues. Some of these can be watched on both the main index site of the Namco Tales Channel and the separate site or the game itself (see links below)

Namco Tales Channel - Main Site
Namco Tales Channel - Tales of Fandom Vol.2 Site

Edit: See also this Threat for more information about the game