Also, it turns out that Retro has been hiring.....big. They have hired 2 fairly big name artists, and a real-time 3d graphics programmer responsible for Crusta (link in the link...). The artists were from Naughty Dog and Vigil, environment and character respectively.
http://www.neogaf.com/forum/showpost.php?p=34161262&postcount=1
They have also acquired devs from Junction Point (Epic Mickey) and Bioware. While those might not seem to be the greatest considering those studio's most recent works, it doesn't mean they were solely responsible for what made them....not so hot.
Just think; a Bioware developer out from under the thumb of EA, environment artist from Uncharted 3, character designer from Darksiders, camera systems/cinematic/level designer from Force Unleashed 2 (Wii version), the Crusta guy (who also interned at Visceral), PLUS all of Retro's already stellar talent and the guiding hand of Nintendo and you've got yourself some SERIOUS dev power.
I don't think that would be used on Mario Kart, it would seem like a waste. 3rd person game perhaps, and there is always the possibility of Metroid with that kind of environment talent.
Seems a pretty safe bet to say they aren't working on MK. Whatever it is though.....it's going to be huge.
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