Sorry for the late reply here.^_^
https://www.youtube.com/watch?v=kQ39fImCKz8
That is the link. The network info started from 21:18 to the end.
The online part for this game actually is really well developed if u ask me here.
First, they had the same system as Dragon's Dogma where if ur Wii U is connected online, u will be able to find other players avatar walking around the field or city and u can recruit them to join ur party.^_^
The second one is "Squad" system. It link u and other 31 players into 32 players team which will be given quest which u guys can do together. U can also chat with all 32 players there on helping each other to finish the quest there. So the "Blade Report"/ quest can be done together.^_^
The squad system will also allow u to trade items/equipment with other squad members through some trading screen which will show up after beat a battle. So u can immediately trade ur useless item for those who needed those item.
There will also be Squad mission which will be given for the squad for a certain time to complete where all the member can to do the mission to gain some extra loot/experience and money.
All these three Squad feature is done passively as everyone is connected but not going to be seen in ur game. Where u can go and do everything u like without worrying of meeting any of them.
Finally is "Squad Quest" this one is more like Monster Hunter as u are going to party up with 3 other player for 4 member party to finish the more difficult quest for example if u finish all this quest, u are going to be able to fight so called "World Enemy" which is the most powerful boss in the game all with 3 friends.^_^
There is also system called Union Gram where u are going to be able to choose 8 union where each had their own specialties and from there, u are going to be able to compete with other union by improving its point to see which Union is the best here.^_^ And of course the more u contributed, the higher ur rank in that Union too which will be displayed for the worldwide player to see.^_^
Hope this is helpful enough for u there. Sorry that i remember wrongly here as the video is only on Japanese there.
Hype died after 8 months of waiting for a localization.
It's what happens in a globalized world.
Kukuku.^_^ I wonder if ur hyped for Yokai have died too there Sammy?^_^