actually most of the preivous rumors were for its being a ps2 game but squares US trademark for the name "chrono break" expired about a week or so ago and they didnt get it renewed, on the other hand the still kept the name rights in japan. so maybe they are just gonna have a different name but they could just not make it at all. i really hope they do end up finishing it, i really liked this series though id rather not see another one if they are gonna try to turn it into final fantasy...
just search dogpile or whatever your fav. search engine is for it and you should be able to come up with some stuff, and be forewarned the "screenshots" at rpgamer.com are fakes.