sony-ps4-capcom-panta-rhei-021Street Fighter creator Yoshinori Ono showed up at Sony’s press conference, and announced a new IP called Deep Down using Capcom’s latest development tool, the Panta Rhei engine.

Deep Down appears to be a fantasy styled action game very much in line with their recent hit Dragon’s Dogma. Deep Down is merely a working title of the new IP, so we’ll see if any further relationship between the two becomes announced further down the road.