Square Enix has announced Dragon Quest XI for PlayStation 4 and 3DS. (Update: And Nintendo NX.)
The game is directed by Takeshi Uchikawa. Both versions share the same story, but differ in visuals and partially in development teams. View artwork of the main character here.
PlayStation 4 Version
The core development staff consists of a team at Square Enix. Because of the high amount of resources required to make the game, Square Enix is working with Orca on development. It’s being made on Unreal Engine 4.
Find some screen captures here.
And some low quality video footage
https://www.youtube.com/watch?v=ZiPNJ_NXQJk
http://gematsu.com/2015/07/dragon-quest-xi-announced-ps4-3ds