Okay got some more information on the group, it is indeed set to debut in 7 years but starting this year they will start announcing candidates for the group. In fact I am hearing they already announced some at the Shounen Club taping for April's episodes. The candidates of course may not make the final cut but that is their aim.
And yes, I do think the old man has lost it and hope this is what he plans to be his final project for the agency.
On another note, Nakajima Kento will be starring in the late night NTV drama for next season, Bad Boys J. Sexy Zone will be releasing their next single on May 1st, which will include the theme song for the drama, Bad Boys, as well as another A-side, Real Sexy!