This news might be 2 days old, but pardon me as I forgot about it. Phantasy Star Online, developed by Sega, is currently accepting applications for the Alpha version of the game. As you might have seen in the heading, it will be in Japanese and will be held this upcoming summer.
As seen in the debut video below, there is a strong emphasis on “action” which is a major change from previous online games in the series. The application will run till 20th May later this month and you can try your luck by applying here.