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Phantasy Star Online 2 will inch closer to release with its upcoming Japanese alpha test, scheduled to begin in August. Additionally, further information about the game was unveiled, specifically the following:

• Individual areas will have a 12-person multiplayer limit, with players divided into groups of four.
• Players will have some degree of free aiming with attacks that can target specific body parts.
• Characters level up by class, which in turn grants access to new skills.

The official site was also launched, and can be found here.

Source: 1UP