The new game, developed for the Kinect by Panzer Dragoon creator Yukio Futatsugi, will be called Crimson Dragon and be published by Microsoft Game Studios. It will feature both an on-rails single-player mode and a new three-player online co-op mode. Crimson Dragon will be a downloadable title for Xbox Live and released this year, 2012, in North America. And based on screenshots and gameplay impressions, it is Panzer Dragon in all but name (likely because SEGA owns that name). The controls sound right out of Rez 2... er, I mean, Child Of Eden.
Source: http://www.gamespot.com/news/z-6351086
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Originally Posted by GameSpot