This new game appears to be using the newest Panta Rhei engine, but this is not yet confirmed by Capcom. However, it has some great computer animation and it does look like a Dragon’s Dogma sequel, although this is also not confirmed.
Following in Capcom-like fashion, this game may be of an original new franchise or series, unrelated to any that existed by Capcom before – a typical behavior of the game developer who likes to focus on new IPs when a new console comes out, giving them the freedom of using the new hardware without constraints.
As more information becomes available, we will keep you updated!
Check out the trailer for Deep Down (Working Title):
View the official announcement for Deep Down (Working Title):