Confirmed in the latest Famitsu, these two characters (along with normal Labrys) will be joining P4A's arcade version as well as the console versions (most probably).

Dates that they'll be added to Japanese arcades:

• Labrys: March 22nd
• Elizabeth: April 5th
• Shadow Labrys: April 19th

Source

Elizabeth's Persona will be Thanatos and she will have a special move that switches the HP and SP of her opponent.

Elizabeth and Thanatos, huh? Are you thinkin' what I'm thinkin'!?

Okay that's pretty fucking cool.

I'm still waiting for my Shin Chie, Devil Chie, Evil Chie, Super Saiyan 4 Chie, True Chie, Hokage Chie, Chie-ass-Chie, and Bikini Chie.

Labrys and Shadow Labrys? Come on, that's really lame, even if they play completely different.

@ricetopher said:

Labrys and Shadow Labrys? Come on, that's really lame, even if they play completely different.

Not really. She's there for plot purposes and I'm glad they're having her be playable instead of just being an unplayable boss character.

yeah alright that sounds cool

I suspected one of the Velvet Staff will join in, but holy shiiiiiiiit!

Now it'll be a tougher choice on who I should main! D:

Awesome. Wasn't expecting Elizabeth at all, and I had a small suspicion that Shadow Labrys would be playable.

Elizabeth is top tier. Calling it.

OH SHI--

But nope, still no P3 Hero. :P

Hm, I may have rather had Ryoji using Thanatos, but Elizabeth is fine too.

I love this game. Fuck they need to resurrect Chidori somehow.

Pfft, Margaret is better. Regardless this good news, I just hope Labrys and her shadow self play different.

Torn on this game. I'm pretty awful at fighting games and wasn't a fan of BlazBlue, but man, it's Persona...

Elizabeth is fucking awesome!!!!

Man, I was going to main Chie, but fucking Thanatos?

Elizabeth for life.

Thanatos was terrible in P3 though!

@StarvingGamer said:

I love this game. Fuck they need to resurrect Chidori somehow.

She does get resurrected in P3FES.

Put Yukari and Junpei in there, and then we'll talk.

Can't wait for this damn game. So excited.

Damn, that's awesome.

Elizabeth? Oh hell yes! Now much add Yukari and both P3MCs and I'll be all set.

At this point I'm hoping they add grown up Jumpei,Yukari ,Ken and K-dog and call this Persona 4 Arena.

So cool :D

@Apathylad said:

Put Yukari and Junpei in there, and then we'll talk.

Yeah, I want more P3 added. I know everyone is older, as reflected in Mitsuru's black leather jumpsuit, but I don't see any reason why these central characters can't be included, too. Still, more is good in a fighting game as long as there's some sense of balance maintained.

@AngelN7 said:

At this point I'm hoping they add grown up Jumpei,Yukari ,Ken and K-dog and call this Persona 4 Arena.

i don't really know why they haven't already, there's so many P3 characters in it

that life switch move could be very intresting

awesome news

Put Yukari and Junpei in there, and then we'll talk.

After I beat her, can I take her on a date?

@Phatmac said:

After I beat her, can I take her on a date?

I think she'll consider the fight as a date.

so Elizabeth confirmed for god tier?

Heh, this is shaping up just as I figured it would... Loving it.

As long as they leave Minato in his casket, I'm totally okay with this.

I'm guessing these are P3 characters? I'm totally ignorant on the subject...

@TooWalrus: Elizabeth is a Persona 3 character. Labrys is a new character, so essentially a Persona 4 character.

@ImmortalSaiyan said:

Pfft, Margaret is better.

What?!

@SpunkyHePanda said:

@ImmortalSaiyan said:

Pfft, Margaret is better.

What?!

Well, canonically, Margaret is stronger than Elizabeth as she mentions in Persona 4...

@TooWalrus: Elizabeth is a Persona 3 character. Labrys is a new character, so essentially a Persona 4 character.

@MikeGosot said:

@FluxWaveZ said:

@TooWalrus: Elizabeth is a Persona 3 character. Labrys is a new character, so essentially a Persona 4 character.

Labrys is a P3 character. She was in a Persona 3 CD or something.

Oh that's right, I keep on forgetting about that.

@MikeGosot said:

@FluxWaveZ said:

@TooWalrus: Elizabeth is a Persona 3 character. Labrys is a new character, so essentially a Persona 4 character.

Labrys is a P3 character. She was in a Persona 3 CD or something.

Oh that's right, I keep on forgetting about that.

Also, am i the only one hoping for Adachi to show up?

@MikeGosot said:

Also, am i the only one hoping for Adachi to show up?

No.  No, you are not.

@FluxWaveZ said:

@SpunkyHePanda said:

@ImmortalSaiyan said:

Pfft, Margaret is better.

What?!

Well, canonically, Margaret is stronger than Elizabeth as she mentions in Persona 4...

I just prefer her appearance and voice.

@BabyChooChoo said:

I'm still waiting for my Shin Chie, Devil Chie, Evil Chie, Super Saiyan 4 Chie, True Chie, Hokage Chie, Chie-ass-Chie, and Bikini Chie.

No Russian Martian Chie?

@ImmortalSaiyan said:

@FluxWaveZ said:

@SpunkyHePanda said:

@ImmortalSaiyan said:

Pfft, Margaret is better.

What?!

Well, canonically, Margaret is stronger than Elizabeth as she mentions in Persona 4...

I just prefer her appearance and voice.

Elizabeth's fascination with the human world is great! The dates with her that they added in FES are the funniest scenes in that game, if you ask me.

Plus, Margaret doesn't put out.

Fuck yeah, I've been waiting for Elizabeth to be announced. I'll take this over Yukari any day.

I was hoping for an overpowered Jack Frost to be her Persona though, but Thanatos is cool too. Hope he's better here than in the actual game. Does make me wonder if that means P3 protagonist won't be in the game, but I guess he could still have Orpheus.

@ricetopher: I thought Labrys' Insta-Kill was very good. Looked like she was chopping up five rows of onions without crying! (I don't think she's able to cry, though.)

@BabyChooChoo said:

I'm still waiting for my Shin Chie, Devil Chie, Evil Chie, Super Saiyan 4 Chie, True Chie, Hokage Chie, Chie-ass-Chie, and Bikini Chie.

Russian Martian Chie.