While a Code Geass Project could mean many things, I hope this project is actually another season of Code Geass continuing from where R2 left off.
*SPOILER* Discussion below regarding Code Geass R2.
At first when I saw that the announcement was signed “ZERO”, I was excited because it was a sign that Lelouch is still alive. However, I then recalled that Suzaku (Fail character) is now Zero. Sigh.
Regardless, for all those disbelievers out there – Lelouch is still alive. He has to be the wagon driver traveling around the countryside with C.C.
Image Source: Safebooru