It looks like a Xenoblade sequel! It really does!
http://www.nintendoworldreport.com/news/33093
A new Wii U game devoloped by Monolith Soft was announced during the latest Nintendo Direct.
Tentatively titled X, the trailer showed gameplay very similar to that of Xenoblade Chronicles, but with mechs and vehicles unseen in the original Wii title. In addition, a male who looks very similar to Xenoblade's protagonist, Shulk, was shown right before the trailer's end.
No release date for the title has been announced.
I get a very Xenogears feel to it ;)
Have you even played Xenoblade? The entire games wasn't all super-colorful. There were many parts of the game where the environment was incredibly bland.