Well this “expansion” came as a shock as how PSP2 isn’t out yet in America. For me this announcement means I won’t be getting any sleep at all thanks to 2ch. So without further ado, we present the first scan [via videogamerx]

[Scan 0] [Scan 1] [Scan 2] [Scan 3] [Scan 4] [Scan 5]

The way we do things here with scans, (especially the very blurry ones) is that we update information periodically taken from Japanese Official sites, Japanese Bloggers, and 2channel.

Updates 8/27:
+Added Rapiko’s description of Friend Search
+Changing 絡みます from argue to entangled as it fits more with famitsu website description of Nagisa

• Phantasy Star Portable 2 Infinity
  • New Scenario “Episode 2“
  • Degree of Difficulty “Infinity” added.
  • All existing races Default characters have been redesigned.
  • There will be a “HUGE CONNECTION” with this game and PSO.
  • Game is currently 50% finished.
    
• The Dumans
  • Dumans are now the 5th race.
  • Dumans are mutated humans. Their mutation is thought to be related to the SEED attacks 3 years ago. The power of darkness is hidden within their eyes, and are overwhelmingly more  aggressive than the other races. They are noted for their pale skin and eye patch.
  • The female design suggests a flamenco dancer, while the male is that of a bullfighter.
  • Dumans have an ability called Infinity Blast which shoots a huge laser beam.
  • Dumans are proficient with Hunter and force weapons.
  • They seem to be very weak. (Glass Cannons I bet)
• Infinity Blast
  • Usable by Dumans.
  • A new blast that can only be used for a limited time.
  • If you want to use it longer, you need to attack enemies continuously.
  • (Basically keep on attacking to extend the blast)
  • The blast alters the aura of the weapon’s attack (not sure what this means yet.)
  • You can also charge the attack.
  • There are 4 kinds of different effects which are based on your battle type.

• Story Mode
  • 1.5 times the length of Episode 1.
  • Story takes place after the end of final mission of Episode 1.
  • An epilogue will be shown explaining what happens 1 year after Episode 1.
  • Episode 2 story will be told during the events of 1 year. Sakai calls this a “blank 1year story”
  • New Character. “Nagisa”, story is centered around her.
  • Nagisa is voiced by “Nana Mizuki“
  • Nagisa is 18 years old.
  • She belongs to a new race known as the デューマン “Dewman”.
  • She has a eye patch on her right eye. She carries a HUGE SWORD.
  • She is wandering around Gurhal for some reason.
  • Nagisa joins up with Little Wing becomes entangled with the main staff.
  • At the beginning it will be hard to know whether Nagisa is a friend or an enemy.
  • But she will go through her own character development.
• Visual Lobby
  • Shougai PSO’s speculations came true!
  • A new visual lobby!
  • The number of people who can join a lobby is the same as PSO’s
  • (This would be 100 people in a block, 12 people in a lobby…)
  • (Adding that this number may change in the final version)
  • You can chat with others and recruit people to your party.
• Enemies
  • From PSO Ruins: Chaos Bringer
  • From PSO Mines: Garanz
  • From PSOe2: Olga Flow. (Yah he’ll probably be called Orga Flow)
  • There is expected to be many more monsters than portable 2.
• Camera
  • Take Screenshots
  • You can take screenshot by holding the Select button.
• Reincarnation/Limit Break 
  • The type counter has a new feature called Reincarnation “転生”
  • The feature for reincarnation is enabled at Level 50 
  • When you are reincarnating, you apply “bonus points” to your character.
  • These points could be stats like (HP/PP/ATK/etc)
  • The bonus points you can apply to your reincarnated character is based in proportion to your current level.
  • When you reincarnate you return to level 1 with the bonus stats.
  • You can reincarnate your character a number of times but we are unsure by how much.
    
  • Reaching level 200 will be much easier to get to.
  • (In Scan #5, there is a counter where you spend points to keep some HP/PP/ATK/etc..)
  • (So essentially you would store these parameters and reincarnate as a level 1)
  • (It seems as if you are limited in which and the amount of parameters you decide to transfer over.)
  • (When you reach to Level 200, you would have over the max stats)
  • (Shougai says Reincarnation concept is somewhat similar to Extend Codes)
  • The maximum level is still Level 200.
• Communication
  • New feature Text input will be similar to that of a Mobile Phone. (This means nothing to us non Japanese people…)
• Friend Search
  • When you pass by another player, you can exchange your character and mission code.
  • Friend Search is a third network function among Internet Multiplayer and Online Multiplayer
  • (Data is transferred between two or more PSPs in close proximity with each other.)
  • (This means your friend’s character’s data is in your game.)
  • (Essentially you and your friend can join missions together. )
  • (Your friend will become an NPC you can add to parties.)
  • Mission codes allow you and your friend to do missions where the rare drop rate has significantly increased.
• Import PSP2 Save
  • You can transfer your previous character’s level and items.

• Satoshi Sakai Producer
  • Phantasy Star Portable 2 Infinity is not just a mere upgraded version.
  • The game’s title refers to how it will “break limits”
  • The game itself will have 50% more story than psp2 itself.
  • The game will make an appearance at this years Tokyo Game Show.
• Release Information
  • Platform: Sony PSP
  • Release Date:  2/24/11
    
  • Price: Not Announced.
• General Observations
  • There appears to be a new lobby, it looks like another section of Clad 6.
  • The Little Wing logo can be seen on the wall.
  • Some have noticed Olga Flow’s sword in the upper left hand corner.

[via 2ch, shougai] [thanks yuki for translation help]