Sega has just announced that they're bringing a new RPG to America and Europe in 2010. It's called "Resonance of Fate" and is developed by Tri-Ace (makers of Star Ocean and Valkyrie Profile). There aren't very many story details yet, but it looks to be set in a somewhat modern setting. The protagonist shown in screenshots is wearing blue jeans, for instance.
There are some screenshots in
Sega's Flickr account. Check out the fifth one; it looks like some kind of world map, but it's pretty strange looking.
The game is called "End of Eternity" in Japan. The reason for the name change hasn't been revealed, but I suspect it's due to the
book by Isaac Asimov of the same name, which is being made into a movie. Here's the first trailer for the Japan version: