I think this certainly deserves a thread of its own.

I loved the first game, like Shenmue with a decent fighting system. Unfortunately like Shenmue no one bought the first one. There’s been no translation of the second yet.

Judging from these screen shots it seems they’ve done more than simply ported it over. It looks like it could be seriously good. This better be coming to the West!

EDIT: New TGS trailer here