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AC4BF PS4 & Xbox 720 spyglass toll details.

From Article:

Some new details have been revealed by Ashraf Ismail in regards to the spyglass in the upcoming PS4 and Xbox 720 video game, “Assassin’s Creed 4: Black Flag.” In an interview with PC Gamer from April 20, the game designer at Ubisoft revealed that the new tool will allow players to get some reconnaissance on an enemy ship’s strengths and treasures. As a result, they can prepare in advance before engaging in a naval battle. You can check out some screens from “Assassin’s Creed 4: Black Flag” in the slideshow at the top of this article and the comments from Ashraf Ismail below (courtesy of PC Gamer):

"One of [Edward’s] new tools is the spyglass. At a distance, you can look at any ship in the game, you can assess the danger they possess, their strengths, even the cargo they carry, the loot. From a distance you can prepare your strategy for the fight." Ashraf