According to the Japanese gaming magazine Famitsu, it has revealed that the Orange Wisp from Sonic Colours will return in Sonic Lost World. Also two new wisps, Grey Quake Wisp and Ivory Lightning have been revealed. The Grey Quake Wisp will see Sonic turn into an iron ball, where you can climb walls and dive off them to destroy enemies with the shock of landing, hence its name.
The Ivory Lightning Wisp gives Sonic the power to quickly ram enemies obstacles in succession. According to The Sonic Stadium (TSS) via a rough Google translation from Famitsu.com, he will also able to pass through wires in this state.
The Red Burst Wisp has the same powers as in the DS version of Sonic Colours. In this form, Sonic can fly/hop around the air and change blasts of enemy to destroy surrounding enemies.