Paroxysm
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http://kotaku.com/5638775/team-ninja-reveals-its-next-games-ninja-gaiden-3-ni+oh
Team Ninja leader Yosuke Hayashi revealed at an event in Tokyo this evening the developer's next major projects, including a new Ninja Gaiden game for consoles and the revival of a game we know as Ni-Oh.
Hayashi said that the team responsible for the Dead or Alive and Ninja Gaiden series of games was already hard at work on the follow-up to Ninja Gaiden IIand its PlayStation 3 port, Ninja Gaiden 2 Sigmashowing off concept art for the game he referred to as Ninja Gaiden 3.
The concept image featured a close-up of a bloody Ryu Hayabusa, the reflection of a blank-looking face in the ninja's right eye.
That image was the extent of what the new, lean, Hayashi-lead Team Ninja was willing to show at a dinner in Ueno. No platforms or release dates were given. Hayashi said that we should expect to learn more about Ninja Gaiden 3 sometime next year.
Ryu looks badass, can't wait for this to come out.