Most likely!
The Japanese magazine Shonen Jump clearly shows the original Chrono Trigger logo and a note that it's coming in 2008 from Square Enix.

Could be a joke from someone, but
check this.
Whoever played Chrono Trigger on the SNES will immediently recognise the clock and the ticking sound it makes.
I'm so excited about this game, and I really hope Square-Enix will change as little as possible. Since it's for DS, it'll probably have some features to use the stylus, but apart from that I hope they'll keep it as the original. Chrono Trigger is the best RPG I have ever played. :3