Announced during 2015, the PlayStation 4 version of Phantasy Star Online 2 is getting a Japan-exclusive release on April 20, 2016, Sega has revealed. Just like the PC version, the PS4 version is also free-to-play and offers cross-platform gameplay between PS4, PC and PS Vita. Before the official launch there is going to be a closed beta for 50,000 testers that runs from February 25 to March 6, 2016.
A trailer for the upcoming Episode 4 for PC was also released featuring some of the novelties including the new Summoner class. This episode will launch on January 27.
No news on the western localization, but you can always watch the PSO2 anime when the time comes.