Square Enix has announced their new RPG project, and it's called Project Prelude Rune. The news was first brought to our attention over on NeoGAF by a user named Exentryk.
This new game is being developed by Studio Istolia, which is a newly established team based in Tokyo, Japan. The head of the studio is Hideo Baba, who's working as a producer for the upcoming Project Prelude Rune.
Speaking of which, this new game "aims to build a new RPG with a new fantasy: unfolding across a vast land teeming with life. Nurtured by the earth, the many peoples of this land dare to dream, fighting for what is just—and this is their tale."
More details will be revealed at a later date, but you can check out some of the early concept art below.