[quote=Sho Minazuki]
Persona is it's own sub-series in a separate universe to the classic SMT, so no.
[/quote]
While a different timeline (Raidou 1/2 -> If ... -> Persona series), there are concepts from SMT that do appear in Persona (eg. demons, Devil Summoners, the Kuzunoha Detective Agency). So they won't be featured in this game?