Persona 3 came out on August 14, 2007
Persona 3 FES came out April 22, 2008
Persona 4 came out December 8, 2008 
 
So, it took roughly 16 months between P3 and P4 and they still released a FES 8 months later.
Its already been 9 months since P4 came out and since they already said there wont be any FES addition for that, maybe they will announce it and say it will be out sometime near March of 2010?
 
With the recent rumors of P5 sparking up, maybe they will announce it and say it will come out early next year.

I hope so

Some quick research reveals both Persona 3 and Persona 4 were first announced in Japanese game magazines, 3 was from Famitsu, 4 might have been as well.
 
Adding that to the chances that Persona 5 is coming any time soon, I doubt we'll be hearing anything about Persona 5 during TGS.

I hope so, but I don't think so.

There was a wider release gap for Japan on those games I think. P3 and P4 seemed so close together because P3 wasn't localized all that fast.

" Maybe TGS is the time frame during which Atlus can reveal P5 in Famitsu.  Although, P3P pretty much came out of nowhere, so it seems more like a "when we're ready" thing. "

Well, If it comes out for the PS3 and not the PS2, it's not coming out as quick as that. Atlus wants to make sure they can get an engine on these more powerful systems running well and cost efficient. That may have happened by now. TGS would be the time they would announce it and the PS3 would be the console(or even PS3/360) to announce it for.

Also P3 and P4 used similiar engines so if they had to make P5 for the PS3 they'll need more time to develop the game.

they might talk about persona 3 for the psp if anything

Guys, they are obviously working on an Endurance Run boxset. I thought it would be so easy for you to understand.

Atlus last made an announcement at TGS in what, 2004? They're not typically even there, as I understand it.
 
I don't think we'll get an announcement that soon for P5. Keep in mind that Atlus typically announces a game 3-4 months before release. So when Persona 5 is announced, it will likely only be a few months away from completion.

Well, since ATLUS isn't at TGS I'm guessing "no"

If P5 is for the PS2 still (or Wii), then you might hear about it soon.  If they are going next gen with a 360 of PS3 release, then don't expect it anytime soon.  Maybe this time next year we'll be hearing about it.

P4 has brought about a lot more western popularity in the series, it sold much better than expected in US and European territories, an announcement of P5 at TGS would be high profile enough to not get lost amongst other things. I'm not expecting it but my fingers are crossed. 

I'm hoping as much as anyone else, but I think it's likely that Persona will be the flagship series for Atlus to make the jump to current-gen consoles, most likely the PS3, considering their relationship with Sony at this point, although possibly the Wii if they aren't going to create a new engine. If that's the case, I doubt we'll see anything at TGS and even if we do, it'll be a long way out. 
 
But hey, we can always hope Persona 5 is on the PS2 and gets announced there.

I really hope we hear more about it soon, but as for it being announced at the next TGS I'd say the odds are about fifty fifty.

That would be great but in a resent interview they said that the next Persona game would most likely not be on the Ps2, Then P3 portable happened 
I don't know what to expect  fingers crossed for a teaser for p5

I really hope they say something, but given how much they've put out this year already, I think they'll hold off until next year.  Maybe after seeing the rise in popularity of the Persona series in the west, they'll show something at E3 2010.

There was a huge gap between P2: EP and P3 so I don't know.

" Well, since ATLUS isn't at TGS I'm guessing "no" "

I'd put money on the fact that it's been in development for a bit now, didn't know that Atlus weren't showing at TGS but I think we can expect some announcement early next year perhaps.

My guess is that they're going heavy on these PSP remakes because it takes time to move development from one generation to the next. So I think it's a little too soon to announce Persona 5. Just a guess.

They have other games on their belt right now. 
Persona isn't their only series.

" Persona 3 came out on August 14, 2007 Persona 3 FES came out April 22, 2008 Persona 4 came out December 8, 2008   So, it took roughly 16 months between P3 and P4 and they still released a FES 8 months later."

I kinda think the Persona series may do better as a handheld series.  I had a lot of trouble sticking with P4 because of the slow pacing and load times, just wishing I could multi-task  while playing.
 
I agree with most of the other folks, that they aren't going to make P5 for PS2.

I would be surprised and stoked if they do announce a persona 5...which won't happen.

" I kinda think the Persona series may do better as a handheld series.  I had a lot of trouble sticking with P4 because of the slow pacing and load times, just wishing I could multi-task  while playing.  I agree with most of the other folks, that they aren't going to make P5 for PS2. "

" My guess is that they're going heavy on these PSP remakes because it takes time to move development from one generation to the next. So I think it's a little too soon to announce Persona 5. Just a guess. "

" @iAmJohn: I'm not sure why you think Atlus almost killed Trauma Center. "

" @Hailinel said:

" @iAmJohn: I'm not sure why you think Atlus almost killed Trauma Center. "

Because they put out three Trauma Center games (Second Opinion, UtK2 and New Blood) in the span of twelve months, and while Second Opinion was pretty neat, the other two weren't very good and none of them had any of the impact of the first game?  Trauma Team looks sick, all things considered. "

"I didn't play New Blood, but I do have UtK2 and I like it well enough.  As far as I know, the series has sold fairly well for Atlus, too, so I still don't really see where this idea that they're killing the series is coming from. "

" @iAmJohn: True, it got a little carried away, but still, I think I'll miss it. "

I doubt it. %20 chance

" @iAmJohn:  I didn't think to look for the Japanese release dates. I assumed they came out everywhere simultaneously. And with all the new information everybody else has given, you've all killed any hope I had left. But I don't buy P5 being a 2012 release. I think that's way too long, even if they are putting it on a new system. "

Don't get your hopes up chief.

"

They have other games on their belt right now. 
Persona isn't their only series.

"

Fairly unlikely, as they've got to get an all new engine and all new art stuffs. It's more likely that they're going to announce a new main SMT game, which'll be awesome.

" Don't get your hopes up chief. "

" Fairly unlikely, as they've got to get an all new engine and all new art stuffs. It's more likely that they're going to announce a new main SMT game, which'll be awesome. "