http://www.youtube.com/watch?v=9Wm8-DsVqHE#t=145
This game will be released in summer on the Japanese E-shop, there is no word yet if the game will be localized, but knowing Keiji Inafune's love for the west, we can be expecting a announcement soon.
I personally think that the game looks really sweet, I hope that it does get over here.
That is all from me readers! Have a awesome day!