Phantasy Star Online is dead -- long live Phantasy Star Online 2! Sega just announced the sequel to the hit MMO during a livestream event at the Tokyo Game Show. Slated for release in 2011, PSO2's unveiling was a surprise to just about everyone.
Phantasy Star Online released for the Sega Dreamcast 10 years ago, and launched a series of updates, iterations and sequels (including Phantasy Star Universe). While Sega was reluctant to show any gameplay or release any other details, the mere existence of the above title screen should send fans into a happy frenzy.
You can read the announcement at PSOWorld and watch the livestream video below.