According to the official announcement, State of Play will feature "new looks at some anticipated games" from third-party and indie studios, and a "first glimpse" at five games for PSVR 2 launching later in the year. The big focus for this show will be "15 minutes of all-new gameplay details and updates" for Suicide Squad: Kill the Justice League. A brief clip of the game featuring the Flash accompanied today's announcement.
State of Play is back! Tune in Thursday at 1pm PT for:☑️ Five new PS VR2 titles from partners☑️ Hot indie and third-party reveals☑️ An extended look at Suicide Squad: Kill the Justice Leaguehttps://t.co/kMPyPpMhSk pic.twitter.com/mu8RX0ZJFkFebruary 21, 2023
Sony's not teasing anything regarding first-party announcements on traditional, non-VR games, so you might want to keep your expectations in check on that point.
PlayStation's Japanese announcement says the show will last around 45 minutes and feature "16 new titles across PlayStation 5, PlayStation 4, and PlayStation VR2," as Gematsu translates. It's possible that the content could differ between the Japanese broadcast and the versions seen in the rest of the world, however.
Suicide Squad: Kill the Justice League is the next game from Rocksteady Studios, the celebrated developed behind most of the Batman: Arkham series. The game's due to launch on May 26 and we still haven't seen much of it beyond trailers focused heavily on in-game cinematics.
If you're looking for more on upcoming PSVR 2 games, you can follow that link for all the games that have been confirmed so far.