Xbox CEO Asha Sharma has shared an exclusive look at the Fable reboot with a four-minute gameplay trailer, "Something in the Water," to celebrate Xbox's 25th anniversary on November 15.

The new trailer, featuring PC gameplay, shows a scene that sets up the story's premise, along with combat that mixes sword fights, ranged attacks, and magic.

The new Fable, developed by Playground Games and published by Xbox Game Studios, will launch on Xbox Series X|S, Steam, and PlayStation 5 on February 23, 2027. The game originally targeted a fall 2026 release but was delayed. It will be a single-player action RPG, where players step into the shoes of the first Hero in a generation.

The 2027 reboot is described as "a new beginning set in a beautifully vibrant open world." As for the main quest, the game will take about 20 hours to complete, but players could spend much more time with it as a life sim. The developers put great effort into creating the Living Population: they decided to individually design every NPC because it made more sense, even though a randomizer tool would have saved a lot of time.

Players will get up to five days of Early Access with the Premium Edition, which includes the Fable Digital Artbook & Soundtrack, the post-launch Fable: Order of the Hero expansion, and the "Premium Edition Content Pack," which includes two cosmetic armor sets and in-game gifts.

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