http://www.youtube.com/watch?v=jJfbaknCw50 Looks like they're going after Soul Calibur with this one. I don't know what to make of it I'm a huge fan of the series and Tenka is a true return to form after the Suck fest of V but as far as Sen goes I dunno what to make of it.
I can forgive the lack of Blood in Tenka if the gameplay is more balanced which it is. V was a broken Mess.
The Hyper 64 ones were even worse then the 2D ones. They were uber slow and clunky. Personaly this could be fun if they polish it further. The game shown seems nice but needs a lot of polishing.