You read that headline right – Capcom has shown off a whole truckload of new footage for their hot new Playstation 4 title, Deep Down.

The new footage comes from Sony Computer Entertainment Japan Asia’s Playstation 4 Lab web series, a channel for developers to showcase their games via Playstation.

We’ve also gotten some notable gameplay features, courtesy of Gamekana, who also recorded the stream:

• Capcom can’t currently confirm the date or status of the beta test.
• You can evade attacks with triangle.
• You will only be able to play as a male avatar. (story reasons)
• Capcom is considering utilizing the PS4’s share functionality.
• Multiplayer will supports up to four players.
• There will be a selection of four weapons to begin with, more will be added later.
• Remote Play with Playstation Vita will be supported.

Check out the gameplay below:

http://www.youtube.com/watch?v=rc4k1CxJt5Y

http://www.youtube.com/watch?v=K0X2rZc1-5E