Sonydisplayed a video to reveal a new Ys title for the Playstation 4 and Playstation Vita at the SCEJA Event tonight. It is to be released in 2015, but more information may or may not be available at Tokyo Game Show.
More information will be revealed as it becomes available.
See some screenshots below:
Falcom’s official tweet on this:
????PS4??? ?SCEJA Press Conference 2014? pic.twitter.com/KFVUcxZJaK
— ??????? (@nihonfalcom) September 1, 2014
Falcom’s IR report can be found here. (PDF)
Video added! Thanks FalcomJDKSound!