We found out about the mysterious project back in February, but now we have a little more insight into what it is.
It's a 3DS game (we knew that part) that will feature iconic characters from the different companies in a strategy RPG. Here's who we can expect to see in the game:
Capcom
Ryu & Ken (Street Fighter 0), X and Zero (Mega Man), Demitri and Dante (Darkstalkers and Devil May Cry), Chris and Jill (Resident Evil)
Sega
Shinguji Sakura and Ogami Ichiro (Sakura Wars), Pai and Akira (Virtua Fighter), Kurt and Riela (Valkyria Chronicles), Ulala and Touma (Space Channel 5 and Shining Force EXA)
Namco Bandai
Sanger Somvold (Super Robot Wars), Jin and Ling Xiaoyu (Tekken), Kos-Mos and T-elos (Xenosaga), Yurie and Estel (Tales of Vesperia), Kaito and Black Rose (.hack)
That's all we know for now, but a trailer is being promised for later this month.
[via Andrisang]