Back in January, it was announced that GungHo Online Entertainment would be acquiring Grasshopper Manufacture. Grasshopper, is best known as the development company run by Gouichi Suda (who is best known as Suda 51) makers of Killer 7, No More Heroes, Shadows of the Damned, and Lollipop Chainsaw to name a few. It is about two months since and they have started working on their first game together.
It will have gameplay that is based in Grasshopper's signature hack and slash over the top action. Not too much is known aside from that and the confirmation from ol' Suda 51 himself that the protagonist will be female. But some concept images have been released.
It shows a world that is seemingly much more Asian inspired. Suda 51 games generally have a Western inspired world design so this is a bit surprising.
Not much more information has been revealed. Whether this will be made only for next-gen consoles or be released across generations is not known. Suda has only promised that they will have more news available in the fall.