It’s not technically a new game, but PSO2 has not been available for Western audiences since it launched in 2012. At today’s Microsoft XBox E3 presentation they played a short video and said that it is slated for a free-to-play launch in Spring of next year.
I was a big fan of the Phantasy Star series from back in my Sega Master System days. This looks like it could be a fun (and free) way to take another look.
Here’s the vid (via Kotaku’s YouTube page): https://www.youtube.com/watch?v=4uO-2LOdQXg