Yes, Phantasy Star Online 2 Is Getting Yet Another Update Oh hey, another new area. 10.28.12 - 1:36 AM
Phantasy Star Online 2's next update brings a new area, new enemies, a boss named Zeshreida, and an item called the ExCube. (A what?) This item helps you keep gaining EXP even after you've hit the level cap - you'll gain these cubes, instead of another level. The cubes can be used towards in-game items, including rarer ones. Also being added is a Photon Drop Exchange shop. You can turn (exchange) photon drops into crystals into spheres and eventually into items for Mags, and other in-game goods.
There doesn't seem to be a date yet for the update, called The Destroyer of History, but PSO2 has gotten a couple of updates each month, and the last one was October 24th. The PC version will be available to overseas markets next year.