This game looks to be something else, can't wait to get my hands on it 
Some new details about White Knight Chronicles have emerged, courtesy of Japanese gaming site Game-Star! Here's the gist of the article:
-Story should last 100 hours +
-Graphics will be at 1080P
-Dynamic battle system, allowing you to chose from the regular sized characters or transforming into the colossal white knight.
-Co-op gameplay over the PSN
Earlier today, Japanese video game retailer Game-Star released some new info on Level-5's RPG, White Knight Chronicles. They revealed that the game would have over 100 hours of gameplay and some sort of online co-op aspect.
Dengeki, a Japanese gaming publication, delved deeper into the online aspects, revealing some more minor details. The online mode will have 3 parts: Live, Story, and Quest. Apparently, the Story and Live parts will be seamlessly intertwined, and something about a Town Square is also mentioned. The Town Square is more than likely some sort of hub where the players will meet up. Players will also be able to trade items with one another.
Perhaps this is the Monster Hunter aspect that was rumored in Famitsu not too long ago? Anyways, this info comes straight from NeoGAF poster Rykomatsu and will be confirmed as soon as possible by PSB staff. Stay tuned to this post for updates.