Cave has confirmed this is their new arcade shooter. It is a vertical shooter. It will be on location test in Hey Arcade in Akihabara, Japan, from February 3-5.
The game will feature a new “Dress System” but retain the chaining from previous games. They also state it will be more “stylish” and “cool” than previous DDPs. It will have music by Namiki Manabu and is due out in Spring 2012.
Extremely excited for this! I hope Cave have moved on to new hardware. Daifukkatsu really pushed the SH-3 to its limits.