Just announced by John Smedley on GameTalkLive.TV:
H1Z1 is a post-apocalyptic MMO from Sony Online Entertainment, playable 'soon'
A preliminary website:
From the launch information so far is it sounds a lot like Rust and DayZ.
He said the world will be "magnitudes" bigger than PS2 and performance from the ForgeLight engine has been greatly improved.
Fire will be a usable form of destruction!
In regards to crafting, he said "it's got one of the deepest crafting systems of any game he's ever seen"
Free to play and people will be playing withing 4 to 6 weeks.
No leveling and no skill trees