Sony has released the first trailer for Panopticon. We aren't too sure what to make of it, though it certainly looks interesting.
Looking at the video, we can see that the game is being developed by the talented team at Studio Japan, although the trademark has also been registered in Europe, so we are presuming the game will be released in the West at some point.
Along with the trailer, a new date of May 21 has now appeared on the website, so hopefully we'll find out more then, including what format it's on.
Here's the first video.