I don't see Level-5 working on other companies IPs for a long time.The X team was internal IIRC what I read here a few weeks ago but that was like the only DQ with internal programming.
I guess level 5 is still a possibility. I hope for anyone who can nail that cel shaded look, we don't have enough cel shaded RPGs. I've said it before but visually, CyberConnect2 could kill it.
They grew to be a publisher now and I believe they are focused on their own IPs and new potential brands.