I would welcome a new edition to this fun and quirky franchise.

ARGH... I LOVE JET SET RADIO!

Wasn't Smilebit absorbed into Sonic Team?  I wonder if they exist at all as they used to.  I miss their game output...

Hopefully if this does come to fruition, it doesn't turn into a massive botch.  I'd hate for one of my favorite franchises to become all soily.

I'd like to take full credit by saying - I started this rumor.

About 8 months ago on the US and Jap Sega forums for the PSU section. =.= I wasn't intended as a rumor though, just a joke to make people cream their pants.

The quote is something like: "Jet Set Radio 3 with Ninja's and light sabers is coming out for the Wii." To which the forum erupted and after almost a river of white stuff people realized "pic's or it didn't happen."

=) Since then this rumor stuff has been popping up every couple of months.