I don't know what they're saying, but it sure looks cool! Always been excited for the story mode, and it looks like it'll turn out just great. Atlus USA's stated that P4A's a hell of an ambitious title in terms of localization and that it's their most expensive to date, so it'll at least be lengthy, if anything.

Here are some Famitsu pics:

Pepsiman's made an English sub video for the few of you who don't know Japanese:

oh man, robot lady getting her face exploded 1:26 minutes in
 
Looks neat. I hope the story mode turns out okay and not like the answer.

I can't wait.. August can't get here soon enough.

I like how the persona 3 characters are showing up older and more badass looking.

From the looks of it this game could reach Mortal Kombat 9 levels of content. That game was loaded with stuff to do.

From the looks of it this game could reach Mortal Kombat 9 levels of content. That game was loaded with stuff to do.

@JeanLuc

From the looks of it this game could reach Mortal Kombat 9 levels of content. That game was loaded with stuff to do.

BlazBlue was loaded with similar levels of content. Maybe more.

Well, that was easy. 
 

It's very long! Each of the 13 characters has their own story and they're more than a couple of hours long each. 

The story mode is really looking great. The only problem being that I don't know if I'll like the combat. Hope the story mode is interesting enough for me to continue on with the combat.

The story mode is really looking great. The only problem being that I don't know if I'll like the combat. Hope the story mode is interesting enough for me to continue on with the combat.

@FluxWaveZ: Luckily I love both combat and the story mode.

whoa I thought metis was gone

whoa I thought metis was gone

@metalsnakezero said:

SPOILER WARNING: Click here to reveal hidden content.

Did Labrys just killed her sister or a copy of her?

Well, she sure punched it hard. In the face.

Definitely wasn't her "sister", but maybe there are several "Labrys'"? And they've been created to battle to the death for the new Midnight Channel's viewers' pleasure? Hell, I dunno, but I do know that Shadow Labrys' boss stage makes more sense now.

I was asked by @Commisar123 to apply my Japanese-fu to the video and shed some more light on story details, but because I'm a show-off and generally needed an excuse to slowly start getting back into Japanese studies, I decided to just go ahead and subtitle the thing into English. Like my other subtitles, I usually translate both the on-screen text and the dialog, unless they happen to be the same, which does happen in a few spots in the video. Beyond that, with Japanese being the sort of language it is, context is everything and there are parts of it that are left deliberately ambiguous without a copy of the game in my hands, leaving me to make do with best guesses in a few spots. This is most notable with Aigis' second line, which uses a word so technical that I quintuple checked various sources before committing to it just because of how seemingly left-field the word was. I found enough evidence in its favor through Japanese Google searches to retain it is as is. Beyond that, there were a few other lines here and there that were difficult for me to completely pick up as a non-native, but I'm more or less confident that I got the translation right judging by context. Also, should an HD version of this video surface, I'll naturally tack the subtitles onto it and replace the current version with that. Enjoy!

(Edit: HD version uploaded and swapped in. Ended up changing two lines very slightly, but that's because I'm a perfectionist more than anything else. They're completely inconsequential in terms of impact.)

@Pepsiman: Thank you very much, now would translate PSO 2 for me?

@Pepsiman: thank you for including the bear pun

@Pepsiman: Thanks so much for doing a translation; I really appreciate it.

@Commisar123 said:

@Pepsiman: Thank you very much, now would translate PSO 2 for me?

I'm sure fans would love it if somebody with no experience with the series like me were to touch that beast!

@Animasta said:

@Pepsiman: thank you for including the bear pun

And thank you for spotting it. I like to have fun with translation gigs like this and add flourishes, but I'm usually left wondering if they're ever noticed. Now I can die happy. The arcade edition is pretty chock full of bear puns in Japanese, so there should be plenty more where that came from for the home version.

@FluxWaveZ said:

@Pepsiman: Thanks so much for doing a translation; I really appreciate it.

No problem. I like to make an effort to do these sorts of translations when I can, but usually I'm not notified about the source material's existence until someone else has tackled it. For once, though, that doesn't seem to be the case and if it all goes well, nobody will yell at me for avoiding the super literal path.

HD video's up.

@mutha3 said:

I don't think any of us had any idea what the hell the story was about barring "robot lady shows up, T.Bearson organizes tournament, fight!".

Well, there have been a lot of details out there... Like, someone's throwing people into TVs again like Kanji, for example, but yeah. There are a lot of things that still remain a mystery.

@mutha3: That was the super technical line I was referring to that I was somewhat stumped over myself. I'd never heard of the term "archicortex" before the trailer, but upon doing some very specific Japanese searches, I did find material that discussed it in relation to other psychological concepts similar to what Persona itself covers, so I felt like I should play it safe and just retain the term as is. I have a sneaking suspicion that it might have a more specific meaning in Japanese robotics, but couldn't find anything that confirmed my suspicion. It's one of those cases where I wouldn't be surprised if I misheard it, but I did enough searches for other words that might fit what I could definitely pick out and that was the only one that matched what I heard 100 percent. That being said, there is an actual Wikipedia page if you're curious about what an archicortex is in general, but it's bare-bones. Sorry I can't be of more assistance.

@FluxWaveZ said:

Pepsiman's made an English sub video for the few of you who don't know Japanese:

I see what you did there.

Story stuff's looking really good, happy to see they're putting some effort in it.

@Pepsiman: Thanks for translating!

holy shit is the story mode persona 4-2?

@Pepsiman: Awesome. Thanks for putting that together!

@Totori said:

holy shit is the story mode persona 4-2?

This is a canon sequel to Persona 4.

@Totori said:

holy shit is the story mode persona 4-2?

This is a canon sequel to Persona 4.

I'm glad they showed more of the P3 characters. I'm interested to know why they're in Inaba getting involved with all this shit.

@Melanon said:

I'm glad they showed more of the P3 characters. I'm interested to know why they're in Inaba getting involved with all this shit.

they probably heard about the tournament and wanted to investigate, because they don't know about Charlie & crew's shenanigans.

@Animasta said:

@Melanon said:

I'm glad they showed more of the P3 characters. I'm interested to know why they're in Inaba getting involved with all this shit.

they probably heard about the tournament and wanted to investigate, because they don't know about Charlie & crew's shenanigans.

We actually know why they're all in Inaba.

After what I believe is an airplane hijacking Aigis is on, Labrys—who was contained in special luggage—gets stolen and eventually gets thrown in a television. Head of the Kirijo group Mitsuru isn't too happy about having one of her anti-Shadow weapons stolen like that, so she contacts Akihiko, who's busy traveling the world and fighting bears, in order to have all three of the S.E.E.S. members enter a television in Inaba in order to retrieve Labrys,

@FluxWaveZ said:

@Animasta said:

@Melanon said:

I'm glad they showed more of the P3 characters. I'm interested to know why they're in Inaba getting involved with all this shit.

they probably heard about the tournament and wanted to investigate, because they don't know about Charlie & crew's shenanigans.

We actually know why they're all in Inaba.

After what I believe is an airplane hijacking Aigis is on, Labrys—who was contained in special luggage—gets stolen and eventually gets thrown in a television. Head of the Kirijo group Mitsuru isn't too happy about having one of her anti-Shadow weapons stolen like that, so she contacts Akihiko, who's busy traveling the world and fighting bears, in order to have all three of the S.E.E.S. members enter a television in Inaba in order to retrieve Labrys,

whatever my explanation is both less complicated and more logical so I am sticking with that D:

@Pepsiman: Thanks for the translation, Pepsiman! <3

To be on-topic, I thought the video was great. Hope the Story Mode in the game ends up being a lot of fun. I'll have to lay off of visiting this thread because I still have a phobia of blacked/whited out spoiler text (3-4 lines of it gets me freaked out). Won't highlight any of 'em anyways. :p

According to the game's director, Kazuhisa Wada, Persona 4 Arena's story mode will last around 30 to 40 hours.

It was stated in the past by Atlus that Catherine would last players around 20 hours, which turned out to be very accurate on my first time through, so I have faith that this info is also turns out to be legit.