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I'm excited to here this news as well. It's good to see Nintendo actually spending it's money. But the only thing I don't think is happening here is Nintendo getting franchise rights. Namco most likely still owns the right to xenosaga and baiton katios, so unless they worked out a deal, Nintendo is really only getting a capable studio. Although getting more new IPs from Nintendo or even a cool franchise revival in the future wouldn't bother me.