Yeah this is my most anticipated game now too. I'm happy to just see them do something with the Front Mission IP, the fact that it's got a real Metal Gear influence this time makes me even more curious about it and they have three perspectives to play the story from and seems really cinematic. There's actually very few Japanese games like this nowadays, definitely seems like the kind of game you'd get on the PS2 (which would get compared to Metal Gear).
Speaking of which, i don't think there's a series with as many artists that have been as consistently awesome as Front Mission; Yoshitaka Amano (FM1, Gun Hazard), Jun Suemi (FM2), Akihiro Yamada (FM3), Ryuichiro Kutsuzawa (FM: Alternative), Yusuke Naora (FM4, FM5) and now Yoji Shinkawa, not even exaggerating, some of the best artists I've seen in general, not just Japanese artists. If the game is a hit they should hire The Silver Case/Flower, Sun & Rain/25th Ward artist next, his beautiful and gritty art would really suit the FM universe and continue the trend of hiring fantastic artists (an area which I think FM is severely overlooked in).