A post on Reddit, made by user 696Ly, reveals a ton of stages and characters that are actually very believable and likely to be real. However, this is still a rumor, so don’t go crazy if they are revealed to be fake. Later, users miladesn and shagg_187 gave us more stage photos and titled them. All imagery below is their courtesy.
Below are 12 characters, 4 of them being already confirmed (Jak, Toro, Heihachi, and Cole). The remaining 8 though are very sweet, and I’d love to see them in the game, along with the MIA orange guy that was amongst the Playstation favorites, Crash Bandicoot.
In this photo, we see Medievil’s sir Daniel Fortesque, Nariko from Heavenly Sword, an evil version of Cole (alt costume or new character?), Ratchet, Sackboy, Dante from the DmC reboot, Raiden from Revengeance and Spike from Ape Escape. However, there’s a lot more to this rumor. 696Ly has also posted a handful of stage imagery, that make this a well-made hoax, or real leaks.
With Sony saying that they will reveal a ton of new information and features of the game in Cologne’s GamesCom, it is not unlikely that some of these will appear in the conference, if they are real indeed. Below, we’ve also embedded the stage imagery that the Reddit user claims to be real. Some of them are titled, but some are not, so go ahead and take a look.

Black Rock Stadium (Twisted Metal)




































I’m not sure but I think the Sly Cooper level was from the first game. The antennas look so familiar.
I believe they’re from the second game, Paris to be exact. But why the second, or not the first or the third? We can only wait now!
NO CRASH!?

unbelievable, come on he made the playstation!
if it was not for our beloved bandicoot $ony would of never survived against ninty!
god i wish $ony would buy the crash and spyro franchises off vendi!
so spoiling how allot of popular licenses have ended up lately.
so many awesome classic franchises are in the hands of uninterested people instead of being handed to someone who could do them justice!
earthworm jim another example, god i miss that game!
i hit the roof when i got my galaxy S3 and found out the HD remake was not compatible with it!
one reason why IOS is, and always will kick the shit out of android!
everything works on there for every phone!