Here's another big name Japanese exclusive for the PSP -- more evidence that the PSP is the most divisive and unpredictable console of this generation. Before it released, the PSP was predicted to be the most overwhelmingly popular videogame system ever. The other consoles didn't stand a chance (link provided by FunETMan). Then a couple years after release, sales for the thing bottomed out in the US and Europe, never to rebound, despite all the great games that were released for it. Then after that, the PSP went on to become the best selling console in Japan for 2010, and continues to sell very well in that country to this day. It's truly the most bizarre and unpredictable course to "success" I've ever seen in a game console's life cycle.
OK, tangent over, back to the news. Starting at around the 3:17 mark in the video above, we have some footage from Final Fantasy Type-0. The game has been in development hell for along time;l being originally announced for cel phones in 2006, and making the jump to the PSP in 2008. It features a female lead, features real-time-meets-turn-based battles similar to Crisis Core: Final Fantasy VII and Final Fantasy XII, and takes place in a fantastic, crystal packed world. Looks pretty fun, bit like Monster Hunter Portable 3rd, it's the kind of game that would do well with a PS3 port. That's the only way I see it selling anywhere other than Japan.
[Thanks for the tip, DarkFayte05]