I just read this article that says that when Smed had been talking about PS:Next (when they were still calling it that) he was referring to a graphics update to the existing Planetside.
http://www.shacknews.com/article/692...riginally-just
Given that we were essentially told that beta invites would go out to current subscribers or that we were going to receive an official announcement for PS:N in March (depending on how you interpreted his cryptic tweets), I'm beginning to doubt the information we've got as to how far along PS2 actually is.
The article I linked talks about SOE's desire for transparency, which I take to mean disclosure of accurate information. It also says that PS2 is at a very early stage of development, which seems contradictory to the game they were talking about in the dev panel.
Who's misinformed? Shacknews or us?