Japanese video gaming powerhouse Square Enix has released a handful of hit titles for the iPhone already (including Final Fantasy I and II), but the next one, an RPG named Chaos Rings, is poised to blow them all out of the water. Officially announced [JP] today, the game’s trailer shows absolutely amazing graphics.

There will be five scenarios in the game, a turn-based battle system, boss fights, and “five 2-person teams that enter into a battle tournament to the death” (the game’s main storyline revolves around said tournament). Square Enix says Chaos Rings will be an original iPhone title with optimized touch controls. And it seems to have the best graphics seen on the iPhone so far.

The company released the trailer for Chaos Rings just a few hours ago. It’s in Japanese, but that doesn’t matter too much in this case. Expect the title to hit the App Store “soon”, at the very least within this year (judging from the trailer, the game could be pretty much finished).

Here it is:

Via andriasang