Well this was revealed recently.
Im very hyped about it :)
Trailer
http://www.youtube.com/watch?v=uY8IzlPNiFE
Screenshors
http://www.psuxxx.info/uploader/src/up8173.jpg http://www.psuxxx.info/uploader/src/up8174.jpg http://www.psuxxx.info/uploader/src/up8175.jpg http://www.psuxxx.info/uploader/src/up8176.jpg
http://www.psuxxx.info/uploader/src/up8177.jpg http://www.psuxxx.info/uploader/src/up8178.jpg http://www.psuxxx.info/uploader/src/up8179.jpg http://www.psuxxx.info/uploader/src/up8180.jpg
http://www.psuxxx.info/uploader/src/up8181.jpg http://www.psuxxx.info/uploader/src/up8182.jpg http://www.psuxxx.info/uploader/src/up8183.jpg http
Im sure everyone knows about it already but hey why not post about it here as well?
http://phantasystar.sega.jp/psportal/pso2/
http://www.pso-world.com/forums/showpost.php?p=2539779&postcount=113
Heh isnt it cool? :)
And here's something random because its just to funny.
http://www.youtube.com/watch?v=ix5q3PaqbgA&feature=player_embedded
Video from nicovideo posted by a friend on youtube.