In addition to PC, Phantasy Star Online 2 will be available on the PlayStation Vita. Sega producer Sakai Satoshi announced the news today, saying he wanted to release the game on a home platform.
Phantasy Star Online fans might want to grab both versions, because they'll both use the same servers, and you'll be able to play the same character across both versions. That means you never technically have to leave the world, which for some MMO players is finally the realization of a long, strange dream.
A video of the Vita version is below, and you may notice the footage looks a little less-than-stellar. Andriasang reports that the Vita version is only 10% finished, so it lacks shaders and is generally unoptimized. Satoshi says that once it is complete, it will approach the higher end of the PC's graphical ability.