http://mcm.gamespot.com/story/6343095/akai-katana-shin-coming-to-europe-in-2012

Rising Star has announced it will be bringing Japanese top-down, arcade shooter Akai Katana Shin to Europe on the Xbox 360 during the first half of 2012. In a move which sees Rising Star continue its long-standing partnership with CAVE, Akai Katana Shin will be given a HD makeover for its debut on home consoles.

Originally released in Japan on May 26, 2011 exclusively on Xbox 360, Akai Katana Shin was also released as a special edition, including a soundtrack and special voice pack download code, as well as unique packaging.

Set in a fictional time, similar to the Japanese industrial revolution, Akai Katana Shin sees the evil Emperor Basho use a newly discovered energy source, Guiding Ore, to take develop the powerful ‘Guiding Katana’ and take control of a nation. Using the Guiding Katana’s unique psychic abilities, Emperor Basho controls an elite battalion to wage war on neighbouring countries to continue his reign. The game sees the player take control of a small squad of rebels to stand against the empire and take down Basho’s empire.

For more on Rising Star Games’ latest shooter, check out our coverage here.

Lucky!
I'm happy to see all those SHMUPs being a worthy investment for western localizers.

They are also worthy investment for collectors, they have strong value. Sometimes it is annoying not getting these types of game on launch. 

^Tell me about it. I know, because I won't get it at launch - but I'm sure that I'll be fine ;)

this is a great game there is a demo up on japan's XBL

I'm very pleased with Cave's relationship with RSG. Before this, there would be no way in hell to think about these games since cave was strictly against releasing them overseas.

Also, maybe they intend to make this one region free the same way as Dodonpachi Resurrection. This way our US fellas don't need to be left behind. :)