That beautiful screenshot you’re looking at above (and in the gallery below), that there is from Valkyria Chronicles, a new RPG Sega has in the works for a fall ’08 North American and European release exclusively for PS3. Here’s a brief synopsis snippet from the press release to get you started with:
Valkyria Chronicles is set in a fictitious continent reminiscent of 1930s Europe – divided in two and ruled by the Empire and the Federation. The Empire has set its sights on invading a small neutral country called Gallia, which is situated in the middle of the two great empires. The game follows a hero named Welkin and his fellow soldiers of the Federation’s 7th Platoon as they engage in a series of epic battles.
As for the game itself, Valkyria Chronicles is a hybrid RPG of sorts that “combines strategy elements of tactical role-playing games with real-time action sequences.” The developers also seemed to enjoy themselves with naming the game’s engines. Those gorgeous, watercolor-esque visuals you can see in the provided screens are powered by SEGA Game Studios Japan’s internally developed “CANVAS” engine, while the strategy/action combat system is known as the “BLiTZ” battle concept. Can’t wait to learn more, the graphical style alone has me sold already.