Phantasy Star Online is out now, but it's not available on the European store.
But the game is region free and there's a work around
Simply head to http://pso.law3x.com
(Link to official PSO2 page of the US store)
PSO2 is Free to Play,
The game will automatically download to your "home" console,
If Automatic download doesn't work, once you have selected to "get" the title, it will show in your ready to download list on your console.
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http://mixer.com/law3