It had been announced back in June that Yasumi Matsuno of Final Fantasy XII and Tactics Ogre fame joined Level 5 to create smaller scale games. Well his first one has finally been announced.
Guild01 is a variety game featuring a compilation of 4 games itself, 3 of which are being made by proven developers. Joining Matsuno will be Grasshopper's Suda51 famous for No More Heroes and Killer 7, Vivarium's Yoot Saito of Seaman fame, and a comedy group known as America Zarigani's Yoshiyuki Hirai.
The games are:
Kaiho Shojo: A 3D shooting game from Suda 51. You take control of a robot known as "Kaihoki" (literally "liberation machine") and shoot demon beast. The game features animations from famous anime studio Bones.
Little is known about the game right now, but more information should come trickling in especially with Level 5 Vision this Saturday.