En Otoño de 2006, un nuevo Phantasy Star llegará a Xbox de nuevo, en un título que tendrá un alto componente para un jugador y que aprovechará buena parte de las posibilidades de Xbox Live en 360.

SEGA Studios afirma que este nuevo RPG, Phantasy Star Universe, aportará más de 40 horas de juego offline, con Ethan Waber, un cadete de 17 años que comienza su andadura bajo el acoso de The Seed, una raza alienígena de extrañas intenciones.

Los modos online, a través de Xbox Live, tendrán un lobby al estilo de MechAssault II o, incluso, Guild Wars, en el que se podrán intercambiar impresiones con miles de jugadores de todo el mundo. Sin embargo, en las misiones el número de participantes se reducirá a unos seis simultáneos (quizá aumente el número en la versión Xbox y PC después de su salida al mercado).


En la nota oficial se nombran estos puntos destacados:

# Epic Story: Phantasy Star Universe offers a suspenseful single player adventure that fans have been clamoring for.

# Phantasy Star Brand Heritage: Since 1988, the franchise has evolved, and produced seven series to date - building itself as one of the most well established RPG franchises.

# Real-time battles where players choose their own strategies: Choose from over 200 weapon variations in over 20 weapon categories for melee, technique, or ranged-type combat. Players can also select numerous Photon Arts to defeat enemies.

# World Class Score: Soundtrack produced by premier orchestras and vocals from Poland, Hollywood, and New York.

# Online Gameplay: Offering the Best of Both Worlds
- Multiplayer: Create a squad of up to six players to explore the universe and conquer quests.
- Endless gameplay: In addition to over 40 hours of offline gameplay, gamers can spend endless hours online customizing characters, searching for rare items, leveling up, and joining friends for exhilarating new quests.

# Variety in transportation: Player-controlled vehicles offer a new type of gameplay for the Phantasy Star franchise.

# Character Customization: Go beyond standard customization for your character with precise measurements, an endless color palette, and outlandish outfits.

# Massive enemies: Over 70 unique enemy species, totaling over 220 enemy variations.