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When Capcom woke up this morning, it decided it would like to have roughly a bajillion more dollars by this time next year. It walked over to a secret panel in its foyer, slid it open and pressed a button inside, labeled "New Monster Hunter." A press release was instantaneously launched announcing Monster Hunter Portable 3rd, the next PSP-based entry in the franchise, due out in Japan in late 2010.

The announcement heralds new monsters and areas to explore, an expanded "Felyne Comrade" system (we're pretty sure that's Russian for "cat friend") and improved co-op play. There's no word on plans for localization, but Capcom's been pretty diligent in unleashing the Monster Hunter series worldwide. You can get your first look at the outrageously large-sworded title in a trailer posted after the jump.

[Thanks Krystian!]

Real or not, this God of War music video is absolutely hilarious. Set to Robin Thicke's "Sex Therapy," the music video made its premiere on X-Play tonight. We've learned two things from watching this clip: 1) Kratos' character design looks ridiculous outside of the game's context and 2) Kratos should never, ever show his "softer" side.

Too bad this video isn't going to be used by Sony for promotional purposes. As revealed by this behind-the-scenes video, it's a rather elaborate experiment conducted by G4. It is quite possibly the greatest thing the network has ever done, and deserves a look after the break.

Tales of Phantasia may become one of the few titles to be re-released twice on a single platform. In 2006, Namco Bandai launched an updated version of the classic SNES RPG for PSP (although it never found a Stateside release), and now it looks to be releasing that same game one more time.

Thankfully, Tales of Phantasia X won't just be the original game in a shinier box. In addition to a remake of Tales of Phantasia, the pack will include the Narikiri Dungeon sequel. Phantasia X is planned for release later this year, roughly fifteen years after the original's debut.

[Via Andriasang]

Sony's next entry in the "Play, Create, Share" lineup is drawing near. ModNation Racers will launch simultaneously on PS3 and PSP on May 25. Both versions of the game will feature a career mode, online multiplayer and a track editor. If you read our interview with United Front Games' producer Dan Sochan, you'll already know that there's even some connectivity: play both versions of the game to unlock additional content on the PSP.

In addition, Sony has announced a few pre-order incentives. Various retailers will offer extra characters, including Ratchet and Clank, Nathan Drake, and Kratos. For more details, check the PlayStation.Blog.

ModNation Racers has come a long way since the release of its public beta last year. Since then, Sony San Diego Studios and United Front Games have expanded the franchise quite a bit, adding a number of new creation tools, four-player split-screen support and even a PSP counterpart. We chatted with ModNation Racers producer Dan Sochan about what's new, and what we can expect from the future, including support for the PlayStation Move motion controller.

Joystiq: What's new about the code we're seeing today at GDC?
Dan Sochan, producer, ModNation Racers: There's the four-player split-screen, two-player online split-screen, and we've also announced and have been showing off more of the single player career. We kept the story of the single player career mode quite light. At its core, it's still a racing game, so we didn't want to complicate it with you saving the world. The story is you're this young racer who goes into this league, the ModNation Racing Championship, and you're basically going from a nobody to take on the ultimate champion. Through the way you have also have a bit of an influence. It has some elements of Pleasantville, where everyone tends to be a little bit more drab with the colors they choose for their characters and karts, and you influence them by being very creative. So all of a sudden everyone wants to have bright, vibrant colors and doing very elaborate decorating of themselves and their karts, and it's narrated through two characters: Biff and Gary, who offer comic relief through the game.

How does progression work in the single player campaign? Do you unlock creation tools in that mode, akin to LittleBigPlanet?
Yes, definitely there will be a certain number of unlockables you'll get through the career, but we tried not to make it exclusively through the career. We didn't want to pigeonhole people and force them to play that way. So you'll also get more unlocks by publishing, sharing, downloading, voting, basically being a participant in the community, which is kind of cool.

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