Monster Hunter Portable 3rd

Monster Hunter Freedom 3 is the working title of the next Monster Hunter game on the PSP. It is a brand new game and you will not be able to transfer your data from old games onto it. From the new trailer:
 * Many Monster Hunter 3 monsters return, including Great Jaggi, Qurupeco, Barroth, Gigginox, Agunacotol, Rathalos, Rathian, Roarudorosu and Beriorosu.
 * Two new maps, along with the Island, Sandy Plains, Tundra, Flooded Forest, and Volcano from Monster Hunter 3.
 * 12 weapons in total, including the Switch Axe from Monster Hunter 3. No Bowgun customization. It is back to the Light and Heavy Bowguns only.
 * Possible new attacks for old weapons (certainly for the Gunlance).
 * Felyne Comrades return, along with new features similiar to ChaCha (MH3). Up to 2 Felyne Comrades can be taken into a quest at the same time.
 * Anteka, Rathian, Rathalos, Nargacuga and Tigrex are the only known monsters from the Freedom series confirmed to be returning.
 * There will be an ostrich-like minion called Gavua.
 * There will be a bear/armadillo monster called Aoashira.
 * The flagship monster will be a new wolf-wyvern called Jinouga.

Confirmed elsewhere:
 * There are going to be no underwater battles.
 * Setting is "Yukumo Village" (はユクモ村).
 * There will be less content than Monster Hunter Freedom Unite.
 * The mayor of the town is a woman.
 * There will be high emphasis on graphics and sound quality.

Links
Confirmation of production:

VioletKIRA's post:

Famitsu (Japanese):

Trailer:500px|