It's an Okami sequel as speculated.

For the DS.

With chibi SD wolf (prequel?).

But it looks pretty good, and drawing should be better than ever.

 

Awesome news :D

*cums in pants*

I'm happy to have a sequel to Okami, but I wish they were making it for the Wii.
 
Does anyone know who's developing the game?

The DS has the perfect interface for a brush mechanic.  I hope the game turns out well.

Is that a sword the kid riding amaterasu has?

On the subject of Okami, this is the Japanese advert for the Wii game. Capcom are using a well trusted ploy - hot chicks:
 
 

Those jap ads are really weird. Everyone's got them not just CAPCOM.

Holy shit, awesome! I was expecting this to be on the Wii if it ever happened, but the DS is a far better choice [means I can actually play it :D]

Color me optimistic.  Seems like a good fit, I just hope it sells well.

"I just hope it sells well. "

" I'm happy to have a sequel to Okami, but I wish they were making it for the Wii.  Does anyone know who's developing the game? "

Some more pics should turn up later today from the Famitsu issue that features it. Why that above pic shows so little is odd..
 
I'm hoping it will have some DSi exclusive features, as with other recent games of this caliber on DS.  
 
Ammy looks cute. I cannot wait for the fluffy SD toys to appear :P  

Meh. I am not excited, for two reasons:

• 3D graphics look fucking horrible on DS. I mean, look at those screens... they're awful, despite being heavily stylized.
• It's hard to make good 3D controls on the DS, due to the lack of analogue sticks. I'm guessing the game will control like shit.
  
• Clover isn't working on this.
  

" Meh. I am not excited, for two reasons:

• 3D graphics look fucking horrible on DS. I mean, look at those screens... they're awful, despite being heavily stylized.
• It's hard to make good 3D controls on the DS, due to the lack of analogue sticks. I'm guessing the game will control like shit.
  
• Clover isn't working on this.
  

"

" Meh. I am not excited, for two reasons:

• 3D graphics look fucking horrible on DS. I mean, look at those screens... they're awful, despite being heavily stylized.
• It's hard to make good 3D controls on the DS, due to the lack of analogue sticks. I'm guessing the game will control like shit.
  
• Clover isn't working on this.
  

"

 
 
 
 
@Icemael said:

" Meh. I am not excited, for two reasons:

• 3D graphics look fucking horrible on DS. I mean, look at those screens... they're awful, despite being heavily stylized.
• It's hard to make good 3D controls on the DS, due to the lack of analogue sticks. I'm guessing the game will control like shit.
  
• Clover isn't working on this.
  

"

"(this is Capcom, right?) way of testing the waters for a full-on Wii sequel. DEAR GOD LET THIS BE TRUE. "

" @Icemael said:

" Meh. I am not excited, for two reasons:

• 3D graphics look fucking horrible on DS. I mean, look at those screens... they're awful, despite being heavily stylized.
• It's hard to make good 3D controls on the DS, due to the lack of analogue sticks. I'm guessing the game will control like shit.
  
• Clover isn't working on this.
  

"

Really...? I think it looks pretty good for a DS game..."

"The DSi has an improved spongy D-Pad which is great for 3D platformer games on the evidence of play playtime with SM64 DS "

I was excited to hear this 'til I read DS. 
 
A lush, lengthy and home console adventure would have made me happier, but I guess Okami in your pocket can't be a bad thing. 
 
PS3 Okami would make my day. 
 
Then again, without Clover, I'm on the fence about any new Okami game til I see it for myself.