The SRW team was at the Tokyo Game Show today, where Terada demoed the Maximum Break and Continuous Action systems. You can see some new attacks such as Cybuster's Vanity Ripper, as well as the R-Formation. Hit the jump for the video.
Here are some trailers from TGS2012 showing the Vita and iOS ports of Phantasy Star Online 2. It's previously been mentioned that the Vita version is able to cross-play with the PC version, and you can see video of the game actually being played on Vita.