Famitsu has released brand new screenshots on Drakengard 3 (also known as Drag-On Dragoon 3) and revealed a new character called Five. It also seems like the graphics of the game has improved significantly since the reveal back in April.
Drakengard 3 is supposed to be released in 2013 but so far it looks like it will be released only in Japan. The game will exclusive for PlayStation 3. You can read already released information about the gameplay mechanics and characters from here.