Oh sweet Jesus I hope this is true. This was one of the biggest things that made me jealous of XBO owners, and then it was cancelled. I'd love to see it become another gem of a Platinum title saved from the trash by Nintendo. If this is true and it goes on to sell well, Nintendo should just buy Platinum already.
Edit: Lol, I just realized the title says Report, not Rumor. I read it as Rumor at first. Well I'd still call it a rumor. I don't care how good these sources are, anything this big I want to hear straight from the big N officially, or from Platinum.