Good news for fans of Sega, Namco-Bandai, Capcom, and all things mashups, Project X Zone will be getting the localization treatment for North America, Latin America, Europe and Australia. The game is currently slated to release in summer 2013.
Released back in October in Japan, Project X Zone features more than 200 characters across 29 different franchises. It features characters from three different huge Japanese developers, all coming together to brawl in a turn-based strategy/fighting game combination. Yeah, it's a little crazy.
Here's a trailer from the Japanese version, if you need a refresher on just what the heck this game is:
If this game is going to be similar to Super Robot Taisen OG Saga: Endless Frontier, then the between-battle stuff will be typical RPG stuff; walking around and exploring, talking to NPCs, collecting stuff, etc.
It's definitely Japanese, no doubt about it. And the Capcom characters are probably the most popular characters in the game. Still, there's a huge amount of other popular characters from stuff like Virtua Fighter, Xenosaga, Tekken, Valkyrie Chronicles and Tales of Vesperia. These games have very big fanbases. Of course, they'll all be outshone by Capcom's characters (Street Fighter, Mega Man, Resident Evil, Devil May Cry, Dead Rising, etc). But I wouldn't say the other characters aren't popular, or come from obscure franchises or anything like that.
and *ahem* I'm not surprised either. I didn't call it like Davoid but, as I said above, seems the list of games that never happened is always much shorter than the list of games people thought would never happen but did.
It could also be a strategy RPG-like game too. They haven't really shown much outside of the over-the-top battles. Search around on YouTube, you'll find some gameplay videos that'll shine a little more light on what the rest of the game might be like. (though most videos do focus on the fighting)