So apparently we were completely fooled into believing that Trinity Universe would be the game announced at the NIS America press event; instead, NIS unveiled a new action orientated RPG in early development stages titled Last Rebellion. Players can free roam around the world but will enter into turn based combat when encountering an enemy. The interesting aspect is that players will be able to target different parts of the body which will affect the way enemies attack. Attacking the legs will slow an enemy down, while damage to the arms will weaken their attacks. From the brief gameplay footage we were shown, it looks like the game still needs some work, hopefully adding some more textures.
The game is currently a join project between Nippon Ichi Software Japan and HitMaker and is expected to be released in Japan around Fall 2009; no word on a stateside release yet.