Today in Japan, Game Arts et al released the first Ragnarok game for the Playstation Vita, Ragnarok Odyssey to the market and is not available in both physical and I believe downloadable form through the Playstation Network. As such, to keep with the series roots, they released one last set of screenshots outlining multiplayer gameplay (and a couple of single player screenshots) which can be seen below. Online gameplay will eventually be patched into the game, however there is currently no estimated release date yet.
Now we just need a company such as XSEED Games (Who licensed Ragnarok DS) to get a move on and license this for an international release.