This game must be going through some serious development hell. I’m surprised they are managing to keep a tight lid on it.
SMT V is a strange case since the dev team doesn’t need to make cutting-edge AAA graphics like in FFVIIR. And since it’ll take place mainly in Tokyo and some supernatural locations as per the tradition, they don’t need to make a vast, sprawling world. So what the hell is taking them so long?
Imagine SMT V reusing the demon models from Persona 5 and featuring a limited roster of demons like Pokemon Sword/Shield.
My prediction is we get a trailer some time before mid-2021 and the game releases either at the end of 2021 or 2022.