During a recent report from Phantasy Star Online 2 producer, Satoshi Sakai, it was revealed that Sega currently has an Episode 2 in development for the game. This new episode will contain a brand new story and new features and will have a teaser trailer shown tomorrow on April 9th during the Nico Nico broadcast.
In addition to the new episode news, Sakai also announced that the Vita version will be getting an update that allows players to customize their button layout and take in-game screenshots.
[Source: Siliconera]