Square Enix has released a new downloadable demo for the brutal action RPG ‘Lord of Arcana’ exclusive to the PlayStation® Portable.

Players can now prepare for battle and hone their monster slaying prowess to a new level of strategy, as they can customize their characters and advance their skills without fear. Players can transfer their slayer creation and lethal stats to the full game when it releases.

In the full retail version, play with up to three friends to defeat tough enemies and reap rewards together, or tackle a variety of quests in single-player mode.

‘Lord of Arcana’ is now available for preorder and will be available at retailers and via digital download on January 25, 2011 for $39.99. Lord of Arcana is rated M (Mature).