Marvelous AQL have shared a slightly NSFW first trailer for Valhalla Knights 3 via Famitsu.com. Take a look at the trailer below. In-game footage starts at around the 1:00 mark:
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Fighter, Mage, Prisoner, Priest, Thief, Akotoki and Archer are the seven announced classes in the game thus far. The game will have 20 classes in total, and multiple races, too.
Valhalla Knights 3 will be released on January 31st, 2013 in Japan.