"God of War" is getting a New Game+ mode in the form of an upcoming firmware update.
President and CEO of Sony Interactive Entertainment America Shawn Layden mentioned during the presentation's livestream that a new game plus mode was one feature that the community has requested since the game's launch. The higher the difficultly level, the better the reaction of the AI enemies. There is still no specific release date of the new mode, but only at a later date statement. That will also be possible, and quite frankly, you may need it, New Game+ won't just be a sunny stroll through Midgard. Some might think that New Game+ mode will be easier considering that players will start with all of their previous items. You will keep all of your armour, enchantments, and everything else acquired during the first play-through.
There's no word on when this will be available, but it will be patched into the game at some point. However, an interesting caveat is that the difficulty will be increased, so it won't be a cake walk. You can with New Game+. Like Photo Mode, it will be added to the game in an upcoming patch.