We've already brought you guys the game's first official Japanese trailer a couple of months ago, and now we have another Valhalla Knights trailer for you. We think this one's focusing a bit more on the Hobbit character race (seeing as how there's a big old "Hobbit" stamped near the beginning of the gameplay shots) as well as the Dwarf (same as the Hobbit note), but since our Japanese just isn't too hot we're not entirely sure.

Graphics-wise, though, this full 3D game looks like dungeon crawling at its best, with great graphics and interesting gameplay that combines standard action-RPG elements with tactical team combat and even stealth elements. The trailer also gives a peek at the game's character creation system, which looks to be something that hardcore twink-masters will get a kick out of.

Valhalla Knights is already out in Japan. The US release date hasn't been announced yet, but we're sure a lot of fans are already eagerly awaiting - if not already playing the imports - of this great-looking RPG.