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Its first incarnation was released in 1998 on the Sega Saturn, as part of Sega's Sega Ages series of classics that included Space Harrier, Out Run, Afterburner, and Fantasy Zone. Although the former three games listed emerged in the West as a single compilation, Phantasy Star Collection remains a Japan only title. It included what is considered the main entries in the series, with select enhancements such as the option of playing the games in Katakana or Hiragana (they originally were Katakana only), and an optional speed increase for party members in Phantasy Star III. Due to the native resolution of the Mark III, the original Phantasy Star is played in a frame. Omake features were also included with the game, such as exclusive arranged music, art galleries, and Japanese commercials.
The Game Boy Advance version, produced by Digital Eclipse, emerged in 2002. Unlike the Sega Saturn release, Phantasy Star IV was not included. The video games themselves were also altered in order to function adequately on the Game Boy Advance's resolution. Aside from a reduced number of save slots available for Phantasy Star and Phantasy Star II, this version does not include any extras.
The PlayStation 2 version, part of Sega's PS2 line of Sega Ages titles, is essentially identical to the Sega Saturn version. Unlike Phantasy Star Generation 1 and Phantasy Star Generation 2, none of the games have received any enhancements beyond the options included in the Sega Saturn version but therefore are available in their original Japanese version as well as their English localized counterparts.