From the Station.com: "Frontiers is the Second Edition of the first-ever console massively multiplayer online roleplaying game in which players team up with people from around the globe to fight monsters, complete challenging quests and explore dangerous and spectacular locales. Players will gain access to all-new uncharted territories to explore, new items and spells to acquire, fierce creatures to battle and a new character race to play, the Ogre."
The beta is scheduled to begin in early August. A Playstation 2 system with network adapter is required to participate.