Capcom’s Yoshinori Ono stepped on stage earlier today during the PS4 announcement to unveil a brand new IP called Deep Down, which may be a working title, but the publisher still managed to show of some game footage..

Based on a new Capcom engine codenamed Panta Rhei, the game features a lot of dragon fighting with characters who are armored up, I’m not quite sure exactly what the game will entail, but you can expect typical Capcom gameplay.

Check out the trailer below:

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