Greg Miller seems to think so
http://ps3.ign.com/articles/890/890482p1.html
"If you're even aware of Fat Princess, it's probably just that quick snippet we saw during Sony's E3 press conference this morning, and that doesn't even begin to do the title from Darkstar and Sony justice. The result of some screwed up cloning project involving Animal Crossing, Strawberry Shortcake, and Warhawk; Fat Princess puts you on a team of eight to 32 cute-as-pie cartoony male and female characters; lets you choose from eight to ten dessert-themed levels such as Coco Cliffs and Black Forest, and proceeds to place you in some of the bloodiest battles seen on this platform."