It’s hard to believe we are now already on the 4th generation of Monster Hunter games from Capcom. The series has seen releases across PS2, PSP, Wii, Wii U, PS3, 3DS, Xbox 360, iOS, and Windows since 2004. The latest of those being Monster Hunter 4, which is heading to the 3DS later this year.The only true MMO in the series so far has been Monster Hunter Frontier Online, and that game only saw a release in Japan across Xbox 360 and PC. But Capcom has teamed up with Tencent to create another Monster Hunter MMO entitled Monster Hunter Online.The game is set to launch this year, and a beta is currently underway. While that beta may be limited to China right now, videos of the game have started to surface, a couple of which you can see included here, with many more being uploaded.MHO looks gorgeous, and there’s a good reason for that–it has been developed using Crytek’s CryEngine 3. You may also be surprised to find Capcom is releasing the game initially in China this month and using a free-to-play business model. A lot of subscription MMOs have been making the switch to F2P in recent years and finding success, and Capcom clearly thinks it’s the way forward for online games.Will the game be heading to other territories? Crytek has stated in the past that MHO is going to see a worldwide release, but they later retracted the comment. Monster Hunter as a series is so popular I would be surprised not to see MHO get released elsewhere, but then again, Capcom is happy to keep producing other games in the series to keep fans happy.