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That could mean this game is announced, plus the fact that it has online play.

Not totally debunked.

But Nintendo does not own Red Steel, I doubt Reggie would make announcements about secrets for a third party game.

Bet with disolitude: Left4Dead will have a higher Metacritic rating than Project Origin, 3 months after the second game's release.  (hasn't been 3 months but it looks like I won :-p )