Like 90% of the game community, I had no fucking clue that this game even existed until Penny Arcade posted about it today. But holy shit goes this game look good. It's a full blooded 2D action RPG but with the amazing graphics that I always thought Nippon Ichi strategy RPGs should have--kinda like the huge, beautiful story scene sprites from Phantom Brave, only you get to play with those rather than just watch them.
It's so rare to see a 2D RPG on a console these days, let alone one that looks absolutely amazing. It comes out May 22nd, though I would strongly recommend if you have any interest in the game after checking out some screenshots or movies that you pre-order it, since Atlus always does limited print runs of their games.