I know it's late... but, I can't be dreaming this:
Game Factory mentioned a beta test of the MMOARPG Ghouls n' Ghosts Online Zero will begin in first quarter of 2004. The game is heading to PC, PS2, Xbox and GameCube in 2004, and it will have cel-shaded graphics, cartoony characters like in Capcom's Maximo, and 15 playable characters.
source: http://come.to/magicbox
This looks absolutely terrible! In fact, where's my paint program? I'm sure that I can do better than this.
I liked Maximo, and I even normally like cel-shading. One thing for sure, I don't like this. I think maybe Capcom should have handled this one themselves.