Yeah, the director seems fine. While his main directorial credit is Strike Witches, he's got episode director credits from several good series, including Gurren Lagaan and Card Captor Sakura.
The writer doesn't fill me with confidence though.
I'm not believing anything until I see the official announcement though. For one thing, I don't see why they'd suddenly change the title. It's possible that's a different title being announced.
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