There are some details about the game out now, I'll add more information later if more detailed reports show up. It's confirmed that the game has a single player story mode, as well as ad-hoc multiplayer support. So this is NOT an online game. Furthermore it says that they're trying to offer a new sort of Phantasy Star experience based on tri-Ace's unique style. So hopefully this means even though it follows the PSP "formula" on the surface, it'll play like a tri-Ace game?
There's also mention that the game will take advantage of tri-Ace's speciality in soft lighting. I think this means it's going to make good use of tri-Ace's engine which is pushing Physically Based Rendering? I dunno. The core development staff for the game consists of over 70 people, while the total production involves over 200 people. Pretty large scale project. tri-Ace lives!
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