Capcom announced today a brand new IP in the works, tentatively titled Deep Down. We really don't know much about the game at all, even with the announcement trailer. Just going by the video though, we're thinking it's a similar style of game to Dragon's Dogma, perhaps another attempt to emulate the hardcore game mechanics of Dark Souls. What's most interesting is that Deep Down is being developed on Capcom's new Panta Rhei engine.
The engine was announced alongside Deep Down today at Sony's PlayStation 4 event. The name, if you're curious, is Greek for "everything flows." That's a simplification of a more complex concept, but I can kind of see what Capcom was going for there.
Anyway, Deep Down has thus far only been confirmed for PS4, and the name isn't final. I'm also pretty sure with this being a Capcom game, we'll see it on other platforms too.
Announcement trailer - YouTube