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Jo21 said:
hmm microsoft owns the ip

but bungie can pull off a ninja gaiden 2, sigma
and call it helo, change the design abit and the story.

they can leave the multiplayer intact and they can release on a sony or nintendo console

Yeah... that sounds exactly like what happened with Ninja Gaiden 2... Tecmo found a a brilliant loophole.

I think the scenario you've created more closely resembles Monster World/Adventure Island.