The third-person action game features advanced water physics to help combat enemies and affect the environment.
Hydrophobia originally released on the Xbox 360 last year, and has received a number of improvements in Hydrophobia Prophecy.
The most prominent new feature is Darknet, which enables players to provide feedback about the game to the developers at any time.
The game will also be featured as the Game of the Month on PlayStation Plus, making it free to subscribers during November.
Hydrophobia Prophecy will launch on PlayStation Network on November 1 in North America and November 2 in Europe.
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