Capcom announce codename Deep Down

Capcom's Yoshinoro Ono has been showing off Capcom's new engine - codenamed Panta Rhei - and a new game, codenamed Deep Down.

Deep Down looks very Dragon's Dogma/Dark Souls, in that it's a dark fantasy title, but as ever it's hard to tell how the game will actually work just from this quick look.

The tagline, incidentally, appears to be "Conquer your fear, or die a coward." If that doesn't bring up thoughts of Dark Souls, I'm not sure what could.

There were also hints of the PlayStation 4's friend connectivity, with the trailer ending with the player messaging Ono, asking for gear to help fight the rather large dragon that turned up at the end of the footage.