In a livesteam from this year’s Tokyo Game Show, SEGA has announced that Phantasy Star Online 2 is currently in development for PC.
The teaser video below goes through a decades worth of past Phantasy Star Online games and then sets up with a Phantasy Star Online 2 title.
The video mentions that the game will be released for PC in 2011 but no other details including a release date or platforms where revealed.