Fans of the series will be happy to see Valkyria Chronicles 3 announced at this year's TGS 2010. Although all the dialogue is in Japanese, the art is beautiful and the story... seems... to be pretty epic. Unless all the characters are secretly talking about how their tanks are shooting water balloons.
Both the original Valkyria Chronicles and the sequel were met with well-reception and the maintaining of its style used in previous games can only mean the third installment will live up to fans' standards.
Check out the video from TGS 2010 below.