Luckily for us, the official Xbox Wire page posted a tasty little interview with Miyazaki shortly after the presentation with some choice pieces of information scattered throughout it.
Watch the reveal trailer for the game below. As the trailer at the conference implied, this "Elden Ring" has been shattered. Elden Ring is a brand new experience in development at Miyazaki-san's FromSoftware development team, and takes the form of a fantasy-RPG, which you'd probably expect given his previous works. His idea of an open world is "a game with a large, open field to play in". The company has a diehard fanbase and from how things are looking, a lot of excitement has been building for Elden Ring.
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"Due to this, the scale of the world and its narrative, as well as the depth and freedom of exploration have increased dramatically". Miyazaki said Martin wrote the "overarching lore" that served as the basis for the game's story after From reached out to him (yeah, blame From if you don't get that next Song of Ice and Fire book any time soon).
Unparalleled adventure awaits in ELDEN RING, the next epic fantasy title created by FromSoftware, Inc. and BANDAI NAMCO Entertainment Inc. Perhaps we could see Elden Ring some time next year. And knowing that Miyazaki himself is directing the game as well certainly doesn't hurt. "It is without a doubt our biggest title yet in terms of sheer volume", explains Miyazaki.