During this morning's Capcom Online Games conference that also saw the announcement of Breath of Fire 6, Capcom revealed that their new IP Deep Down will be an online RPG that is currently only announced for the PlayStation 4. Whether that means you will need a persistent online connection or will be online-enabled ala Dragon's Dogma or Dark Souls remains to be explained.
More information will be coming at this year's Tokyo Game Show where it will be showcased. For now, whet your appetites with a short teaser of the game below. It doesn't quite match up to the first time we saw the game, but we are still a long ways off from release.