Sega-AM2, the development group responsible for some of Sega's most popular game series including Virtua Fighter and Daytona has confirmed plans for a new project. While specifics regarding the game including target platform and release date remain undisclosed, a formal announcement is expected at Sega's GameJam event scheduled for March 30-31 at the Tokyo International Forum. According to company representatives, a formal unveiling will be made during the developer chat portion of the event.

You'll be sure to hear about it here when it's announced.

Source: Xengamers