There isn’t much multiplayer footage, but you can get a quick glimpse of it at the 1:45 mark of the video. The video contains a lot of recycled cutscenes and gameplay, but there are a few pieces here and there that are new. If you can spare three minutes be sure to check it out.
Valkyria Chronicles 2 is a PlayStation Portable exclusive. The title will be available January 21st in Japan and Summer 2010 in North America.