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tsogud said:
I think it's new. iirc Hal Laboratory didn't work on 4, Bandai Namco did but in the teaser you can see that only Hal Laboratory is credited. Wouldn't Bandai Namco be credited too if it was a port?

Not necessarily. For instance, Clover Studios developed Okami initially, but it was later ported to the Wii by Ready At Dawn. Clover's name was nowhere to be found on the Wii version.

O/T: I would be stunned if this is a new title altogether. The last DLC was finished for Smash 4 in 2016, meaning this would be a two year turnaround time. Even if they started making a new game while making DLC characters and stages, a significant portion of the development team would be off doing something else while this Smash 5 was in development. On top of that, think of Sakurai, who said he was already exhausted to the point of considering quitting game development after Smash 4. Nintendo would have had to either somehow convince him to come back and make a new one almost immediately, or found a new developer altogether and had them put together a game faster than Sakurai ever managed to.

Additionally, announcing a new Smash game this soon before launch would be essentially unheard of. Smash is one of those games that relies pretty heavily on an extended marketing time to consistently drop new character trailers, and, well, you lose all of that pretty quickly with at most 8 or so months until the game releases.