A forum post on NeoGAF reveals that Sega will be releasing a budget priced Phantasy Star Portable this October. Included with the package comes a UMD which contains a three-episode story feature which covers the story called Phantasy Star Universe Chronicle.

Surprisingly, the opening cinematic for Phantasy Star Portable 2 of the game will also be included with the said UMD. This is the first time we’re hearing of a sequel or the game. The packaging mentions that the game is due for release this winter in Japan. No other information is present at the time.

via NeoGAF