As reported by a Japanese videogame blog, Naruto Shippuden: Ultimate Ninja Storm 3 is already in development for Xbox 360 and PS3 in the studios of Cyberconnect2 and would have expected the Japanese market as early as next year. Among the various features there should be the return of the Adventure mode disappearance spin-off Generations , while regarding the plot you should restart from the point where it was interrupted with Ultimate Ninja Storm 2.

The source says that the news will be revealed, and thus made official in the next issue of Shonen Jump, Shueisha's magazine that features famous manga including Naruto himself, One Piece and Bleach. We have to await further developments.