I cant wait for this game. I just finished Demon's Souls over the weekend for the first time, what an amazing game.
From what I hear, this isn't a sequel, in the normal sense of the word. Its a totally new IP, but it is the same type of game, so I can only imagine what they have in store for us this time.
With Bandai on board from the start I would assume (Hope, Pray) that we wont have to wait a massive amount of time for it to be released here. Whispers are saying a release late this year. If this is true, I know what I am getting myself for Christmas.