Capcom have unveiled their new IP, Deep Down (working title) for the PlayStation 4.

Not much about the title was disclosed but it has been confirmed that the game will run on Capcom’s new game engine, which is titled Panta Rhei. Panta Rehi has been made to take full advantage of the PlayStation 4′s capabilities.

A little gameplay snippit was shown last night. Enjoy the footage and let us know your thoughts via the comment section below.

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Source: CVG