Yeah Level 5 has an history of showing amped up trailers for their current projects.

I remember when White Knight Chronicles was announced. It looked glorious. We know how that turned out.

Looking good! Really loved those first 3 pics!

Some more:

more here:

http://nintendoeverything.com/102292/first-youkai-watch-screenshotsart-site-open/

Looks nothing at all like the footage before. I shouldn't be surprised though. Some parts still looks great like the battles and finding the creatures.

That first 2 pics with the street and the classroom are so lovely.

Anyway, details from the site:

Youkai Watch details

October 17th, 2012 Posted in 3DS, News, Posted by Valay | No Comments »

We finally have details on Youkai Watch, Level-5′s new project for the 3DS. There is information below about the story, characters, and gameplay elements.

- Keeta is the game’s main character
- He’s in fifth grade
- 11 years-old
- Despite his back luck, Keeta has a positive personality
- Whisper (white ghost) appears from a Gatcha Ball
- Whisper teaches you about the Youkai world
- Kuma, Kanchi, and Fumi are Keeta’s classmates
- Takes place in Sakuranyu Town
- Cat Youkai is Jibanyan
- Blue kappa is Nogappa
- Snake is Tsuchinoko
- Cone head is Himojii
- Old woman is Bakurobaa
- Ball is Katanorkouzo
- Slime is Donyoriinu
- Mosquitto is Negatibuun
- Mouth dude is Kuiijii
- Blue cat is Komasan
- Demon is Michibiki
- Bird is Yokodori
- Use the watch to “watch” for youkai in certain locations
- An aura will appear, then the youkai itself
- Once you find a youkai they will ask you to do a quest to help them
- Clear the quest and they may become your friend
- Fight other youkai using your friend youkai
- Sometimes, when defeated, the opponents will join you
- Each youkai has its own individual features in battle

Source