Phantasy Star Online 2 isn't exactly the Dreamcast-era throwback we expected. Sega is embracing the future for its pricing model -- the infinitely expensive, vaguely annoying future. Sega announced a free-to-download, free-to-play model for the PC/Vita online action RPG during a streaming media event this morning. Revenue will come from item transactions.

Sega also announced a version of the game for iOS and Android. This won't exactly be the full game; according to Andriasang, Sega promised "social game elements," and simpler controls and character creation. Data will be shared between the phone and PC/Vita versions, but crossplay will not be possible. This version is due winter 2012, between the summer PC release and the 2013 Vita release.

This article was originally published on Joystiq.