PS4 title from Level-5 currently "in the planning stages"

Level-5 is developing a new title for PS4, according to company boss Akihiro Hino.

Speaking in an interview with Nikkei Trendy, via Gematsu, Hino said the title was still "in the planning stages," and the team may be able to "announce it soon.”

He also feels PS4 games will need to be about more than just shiny graphics.

“PlayStation 4 is next-gen hardware built with the network in mind, so more than graphics performance and specs, we need to think about communication—how to use the network features," he said.

Hino also feels that while the Vita price cut in Japan was a good move by Sony, in order for more consumers to buy it, the handheld needs more strategic titles.

He didn't stop there either: he also revealed that Fantasy Life has shipped close to 300,000 units and an Android and iOS release is being considered for the Guild series.