Arc System Works, the company behind the Guilty Gear series and the much more recent BlazBlue: Calamity Trigger, has good news 2D fighting game fanatics -- particularly those who enjoyed BlazBlue. They've announced in the latest issue of Famitsu that an update/sequel for BlazBlue called "Continuum Shift" is in development.

Announced to be coming exclusively to the Xbox 360 is 505 Games' sequel to the Guilty Gear franchise, Guilty Gear 2: Overture. Being developed by Arc System Works, this new iteration in the popular series, originally unveiled back in TGS 2007, promises to bring you a sweet blend of action and real time strategy.

 Most, if not all, limited editions usually add around US$ 10 to a game's retail price. Not so with Arc System Works' home console versions of BlazBlue. See, Aksys is taking different approach. Instead of charging a premium for the limited edition, those who pre-order the game will get it for free.

It's "Thank You" time for Microsoft in Japan as they happily announce at a Tokyo press conference today that the Xbox 360 finally hit the one million mark. To share their gratitude to their loyal fans, MS announced their "Thank You" campain, where over 1 million MS Points will be given away. Oh, and they've got 31 new games coming.

If you're more into 2D fighting games as opposed to 3D ones, then you'll be glad to know that Guilty Gear series creator Arc System Works' BlazBlue arcade fighter has been confirmed for a console release in the latest issue of Famitsu. Details on the console versions after the jump.

Two new Xbox 360 demos have been added to the Xbox Live Marketplace. Unfortunately for gamers in North America, these free demos are not available on the U.S. Marketplace.

First is the Japan-only demo for Guilty Gear 2: Overture. This Xbox 360 title from Arc System Works is the first title in the fighting series to utilize 3D graphics. The demo description describes the game as a mix between the action and RTS genres.

A North American release date for Guilty Gear 2: Overture has yet to be announced. It's currently slated for a November 29 release in Japan.

Next up is the Looney Tunes: ACME Arsenal demo. Available only in European Xbox Live regions, Looney Tunes: ACME Arsenal is a 3d action/adventure title based on the classic Looney Tunes series. Looney Tunes: ACME Arsenal is now out in the U.S. A demo for the game was released on the U.S. Marketplace early this month.

In what could be seen as a move to keep up with the times, or simply a move to inject new life into the series, it seems that the folks behind the beat-em-up with the distinctly-random anime edge, Guilty Gear, have opted to give the next iteration of the series a massive makeover - and with massive, we mean making the jump from one-on-one combat to third person slash-em-up. With massive, we mean going from 2D to glorious, next-gen 3D that's exclusive only to the Xbox 360.

Now, before you cry shenanigans, yes, we know that the Guilty Gear series has always been known for its glorious 2D sprites and a revolutionary gameplay system that not only allowed you to pummel opponents with a wicked-looking combo, but also perform ridiculously-stylish Instant Kills that no one can stand up from. But a scan from Famitsu, pictured above, shows that not only does the game have an added third dimension, but also increased freedom of movement.

Look closely at the screenshots. Doesn't the gameplay look less of a versus title and more of a third-person slash-em-up? Particularly the screenshot to the right of Sol Badguy - isn't that him with the Fireseal, attacking a group of enemies with an area-of-effect blast? Yeah, thought so.

Of course, there's no confirmation yet of just what kind of gameplay Guilty Gear 2: Overture will offer, but based on the scan, it's definitely going to be interesting. More updates about this stunning development as we get them.