According to a recently issued press release, the classic RPG series, The Legacy of Ys, is being given the online treatment. Although the initial release was poorly worded, general news site Neoseeker.com has a nice write-up of the contents of the PR with some background information and an attached video that weren't part of the Ys Online packaging. In short, it sounds like a fairly typical F2P MMO, but here's hoping we're wrong.
Here's a snippet:
n Ys Online, you play a powerful Afrocan fighter, wise Kimo, skillful Eresian (African, Eskimo, Eurasian?), and enter into a story which began 22 years ago. Defeat the hordes invading the mystical Romune (Roman) Empire under a fast-paced combat system; explore dungeons, engage in crafting professions, participate in guild battles, and tons more...
The closed beta starts this month -- one can assume sign-up begins once maintenance on the website is complete.