New trailer for ArenaNet's long-awaited pay-once MMORPG reveals late-August release date for PC game.

Developer ArenaNet announced today that the long-awaited massively multiplayer online role-playing game Guild Wars 2 will arrive on August 28. The news comes by way of a new trailer for the game, which is embedded below.

Finally, Guild Wars 2 has a release date.

In a statement, parent company NCsoft explained that ArenaNet will spend the months leading up to launch focusing on polishing Guild Wars 2 to "ensure the highest quality experience on launch day."

A Guild Wars 2 beta began in March, and previously, the game was expected to ship sometime during 2012. The team at ArenaNet has a small group working on a console version of the game, but no announcements have been made concerning Guild Wars 2 arriving outside of the PC.

Guild Wars 2 puts players into a persistent fantasy world that is driven by a range of dynamic events. When Guild Wars 2 is launched later this year, it will cost a fee up front but will not require a monthly paid subscription to continue playing.

For more on Guild Wars 2, check out GameSpot's previous coverage.

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