We don't know, but Miyazaki has said multiple times that he is not personally going to work on another souls type game and that anymore soulslikes won't have his input.
>Possibility 1: It's __ Souls, __ Borne or a new IP with identical gameplay and the souls cancermunity have a meltdown because "muh muyuzuki", "muh DS2", because for some reason they think a game director is personally designing levels and writing code.
<Possibility 2: It's Tenchu and the souls cancermunity have a meltdown because how dare From not make a 6th Soulslike in a row. Tenchu fans have an aneurysm dealing with underage b& kiddies calling a 9 game stealth series that invented the stealth kill and the stealth kill animation 'obscure' and with awful souls twitch streamers playing through the old Tenchu games because "muh From" and complaining about how the games are bad because they're not souls games.
>Possibility 3: It's Kuon 2 and the souls cancermunity have a meltdown because how dare From not make a 6th Soulslike in a row while Kuon fans have an aneurysm dealing with awful souls twitch streamers playing through Kuon because "muh From" and complaining about how the game is bad because it's not a souls games.
<Possibility 4: It's a new IP that doesn't have Souls gameplay and the souls cancermunity have a meltdown because how dare From not make a 6th Soulslike in a row.
8ch stop eating my post.