Namco Bandai had shown off some brief gameplay demos last year at GamesCom 2010 and this lead to the belief that the game would be released sometime in 2011 as no firm release was given. Now, it has been announced along with a pretty intense debut trailer that the release will in fact be February 2012.
The trailer shows off the anti-gravity mechanics of the game, not in game graphics though. Not much else is know about how the game will play but the idea of destructive environments in zero gravity seems quite interesting to me.