Square Enix recently licensed the Unreal Engine 3 again, revealing a brand new action RPG is currently in the pipeline using Epic's suite of development tools. The first bit of art for the game, spotted by Andriasang and seen above, can be seen on the Square Enix recruitment page.
Not much is known about the game, but it is said to be under development internally at Square Enix. With that said, it is neither a Final Fantasy or Dragon Quest title. Team leader Ryutaro Ichimura (Dragon Quest) revealed that the team had been travelling around the world for the past couple of years, researching and surveying users to determine what direction they should take.
Imagery for the game may appear very Western, but that is not the target of the project. According to Ichimura, the team isn't looking to target the Western demographic, but to craft an engaging game experience designed for a worldwide release. Platforms have yet to be finalized, but the publisher is gunning for a console release, and if the timing suits it, release on next-generation consoles.
Square Enix is currently looking for new talent to join the core team of 35. The recruitment site lists several positions available for application: