^ Sourced from Dream Diary Episode 6 Podcast, but I think these details may be appreciated by others on their own.
-So this first point most already know, but the game is being developed primarily by Active Gaming Media Inc. with heavy supervision and support by Kikiyama. They're mostly a translation studio who's translated everything from No More Heroes to Soul Caliber to Little King's Story to Heavest Moon to La-Maluna. They started game development more recently to help indie studios bring games to life, IE they helped develope the recent remake of Suda51's The Silver Case, and apparently have several titles their helping develop right now. Amusingly as the site hasn't updated since Yume Nikki's announcement, but of their "Unannounced" titles it's obvious which one is Yume Nikki in retrospect. This would be their second major project that's not porting or localization after The Silver Case, though.
-The choice of art style is partially down to wanting to bring Yume Nikki to a modern audience. They knew the look of the game would be divisive to fans of the original, but they tried to respect the world of the original while doing their own take.
-The art director of the project nearly had a heart attack when he learned their next project was going to be Yume Nikki, he's a huge fan of the original.
-The game apparently has not been in development for very long, only around 8-9 months. The game started with about 4 people in-house working on it (plus Kikiyama out of house), but has since expanded to around 9-10 people. They've been crunching it a lot and been focusing to make it quality, but with their resources and many on the team being familiar with the source material and having a direct line with the creator it hasn't actually been that hard to develop. They hope to surprise a lot of people with it.
-Everyone working on the team before they started working on the project were given the task to play (or replay) Yume Nikki from start to finish before they began work on it.
-It's a sort of reboot or re-imagining of the original game. There will be more news for the game on January 31st.Post too long. Click here to view the full text.