-2014 release on PS3/360/"future consoles"
-Internet connection required
-No subscription. Game is an MMO title with a storyline that allows for you to play through on your own but seamlessly has mutliple players in your world
-No "main menu"
-Matchmaking and game matchups done on the fly in-game, rather than through lobbies
-Hub "public" zones that are all 3rd person. This is where you meet up with players, exchange loot, etc, etc. The one described in the news is on Earth, the Last City and mainly in a place called The Tower, but there are others on the other planets, too, apparently. One for Mars was suggested.
-Raids/Dungeons
-Game will seamlessly add players in and out of your co-op or solo adventure, think like Journey-style.
-Takes place in a variety of locations: Earth, Venus, Mars, The Moon, rings of Saturn, Mercury, moons of Jupiter... more could be added
-Each planet/location is treated as a "book" as far as story and structure is concerned. You can play and unlock new chapters within each planet's book.
-You can get your own ship, and can customize it. Higher level = better ships.
-Similarily, you can customize your character, appearance, skills probably, and weapons. Vehicles too.
-Only human are said to be playable so far.
-Three announced classes: Hunter (like a Rogue class I'd say), Titan (like Spartan I guess), and Warlock (magic user). Yes, there is magic. Space magic
-No word on space combat or space travel, but if you get your own ship, I don't see why not.
-Game will have no loading screens, no progress bars. Implying seamless travel from location to location.
-Ties in with mobile apps and social networks, ie: set up parties and missions, get allerted of new chapters available, new locations, events, etc. Customize character...
-Races are: Human, Vex (time travelling robots), Spiders Pirates, Cabal (rhino people), and some others
-Faction Wars features, competitive hoppers, not very elaborated upon.
-"Squads/Crews" look to be up to 6 people, but you can imagine that you could have pairings of multiple squads, or enemies.