Hear is some info
Mega Rayquaza has been revealed but with no image just yet. It has a new ability called Delta Stream which creates a new weather effect that removes weather and makes moves of a type that Flying-type Pokémon are usually weak to will only deal normal damage to any Flying-type Pokémon in the battle. UIt lasts as long as Rayquaza is in battle
Trailer also shows a move called Dragon Ascent which is said to be the most powerful Flying-type move
The reason why Mega Rayquaza is a Mega Evolution and not a Primal Reversion is to be explained in the story