Sega Announces Phantasy Star Online 2

Information is scant at this point, but a live stream from Sega at TGS that was looping through trailers revealed an official sequel to the beloved 2000 Dreamcast original. According to secondhand source Segabits, the game is projected for a 2011 release date and is confirmed for at least the PC platform. A trailer was recorded and put on YouTube from the stream, but almost immediately was taken down due to a copyright claim by Sega. If anything, we can probably assume that this isn't some elaborate hoax. There will no doubt be more information following Sega's official announcement.

It may be interesting to see how a high-budget online Phantasy Star will end up playing in a post-World of Warcraft world. The MMO market is so huge right now that it's possible that Sega will strip some of the more unique elements of the series and structure their game more similarly to Blizzard's behemoth. I have a few fond memories of the original, even though I never took it online, so I'm really excited to hear more about how this game will play.

Source: Segabits, Sega's live TGS stream

EDIT: Segabits uploaded the trailer from Ustream onto their blip.tv account. Most of it is retrospective from the series with some gameplay footage from the upcoming Phantasy Star Portable 2: Infinity (what a great name), but the announcement is at the end of the trailer. You can watch it here (scroll down).