It seems like Compile Heart pulled a trick out of Aksys’ marketing handbook because their most recent trailer for Record of Agarest War 2 is ecchi to the extreme. The game, just like the other Agarest War titles, is rated CERO C in Japan. Think of that as something close to a "T" rating from the ESRB.
While light on features, the ecchi trailer points out Record of Agarest War 2 has 200% more soul breeding than the other games. You can watch the trailer here. (Click "special", the second menu option on the right, and then promotional video – it’s the heart one). If you’re still at work, here’s a battle video to watch.