Every Phantasy Stay game since the original PSO has felt like a failure to me.
I really have no hope that Sega can fix that problem with PSO 2. But still some part of me is curious to see how the game looks. I understand why the original PSO looked so bad with Dreamcast 56k modems, but seriously 10 years later and all of the following Phantasy Star titles still look like crap as well.
Funny enough this trailer looks bad. It was captured from a Ustream broadcast at the Tokyo Game Show. It has an extremely low frame rate and is very pixelated. Nonetheless though watch it and leave a comment below about your fond memories of playing the groundbreaking game that was called Phantasy Star Online.