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I thought Sega/Sammy Holdings disbanded Overworks. If they are putting Overworks back together for this game then I am cautiously optimistic. Any word on how far along the game is? I know they were working on a Skies of Arcadia 2 for Gamecube before Sega/Sammy reorganized Sega. If Overworks did any significant work on SoA2 for Gamecube then this title would most likely be for the Wii. If the game was only in the planning stages then a PS3/360 version is more likely.

Skies of Arcadia is a niche franchise. So if its not for the Wii, you can bet that MS will offer Sega some incentive for some sort of full or timed exclusivity. Despite their distant 3rd place standing in Japan, MS seems intend on trying to carve out a fan base in Japan for the X-box brand.