Life is Strange is an upcoming episodic third person graphic adventure title that will allow players to rewind and redo any changes that the player has made in the game regardless of how long a check point lasts.
Check out the trailer to see the mechanic in action.
Dotnod Entertainments title Life Is Strange will be hitting PS3, PS4, Xbox360 and XboxOne at the end of January.
Source: http://lifeisstrange.com/
– Murr
