Yakuza 5 director Toshihiro Nagoshi has said that there will be more games in the Yakuza series, but not on PS3.
Speaking with Japanese magazine Dengeki PlayStation, Nagoshi says that the team' s new game will be a more physical experience, although he also also went on to say that Yakuza 5 would be the last time the series would appear on the PS3.
Apparently we'll be seeing something new from the team 'later this year.' That'll be a Yakuza Vita game then no? Oh maybe it'll be next gen then.