Sega-AM2, as we should all know is the internal Sega division responsible for Shenmue and Virtua Fighter and is currently at work on Super Dimensional Fortress Macross, which is an all new PS2 game based off the Macross license which is Robotech here in America. The game is apparently 60-80% percent done, it will also be published by Bandai and not SEGA and is scheduled for September or October in Japan. AM2 is busy, busy, busy.
Source: SEGA Corporation (July, 13 2003)