Here is an overview of the game, via Square Einx:
The trailer provides a first glimpse of the game’s protagonist, a young Valkyrie who is entrusted with the fate of the world by the All-Father, the highest of gods and ruler of all creation. She will face various enemies on her quest and must utilize a variety of weapons, magic and the power of her allies to prevent Ragnarok—the destruction of the world.
Valkyrie Elysium calls on its roots with music from series regular Motoi Sakuraba while driving the series forward in a fresh, new direction with classic combat mechanics, such as finishing moves and combo systems, reimagined for an action RPG. The game also features character designs by Yuya Nagai of CyDesignation
Here is some additional information, via PlayStation Blog:
What is Valkyrie Elysium?
Valkyrie Elysium is an action RPG featuring an epic story, beautiful environments, and a new fast-paced combat system that combines strategy, action, and a unique combo system that will test your ability to think and react.
The game takes place in the distant past, in a world where Ragnarok—the End Times—looms large upon the realms.
With the last of his strength, the All-Father creates an emissary of redemption—a lone Valkyrie who can become the salvation of this doomed world. As this brave warrior descends into the ruined land, she encounters many challenges… and uncovers the hidden truth behind its impending destruction.
What will she think of this irrational world… and what end will she choose for it?
The Gameplay of Valkyrie Elysium
Valkyrie Elysium also incorporates elements of the Valkyrie series’ classic gameplay, such as the Einherjar—recruitable warriors who will join the hero and fight at her side when summoned. It’s a beautiful game, too, with incredible art design that captures the spirit of the series in an exciting, modern way. On PlayStation 5, it;s also running in 4K and 60 frames per second, making for an adventure that looks and feels beautifully crisp.
And, of course, we must mention the music. Series composer Motoi Sakuraba returns and contributes to the game’s stunning score. RPGs are always better when they have a strong soundtrack, and this one is going to be… well, literally music to your ears.