Editor's Note: I know some fans might be a bit turned off by the subtle art changes but personally, I like it. I mean those colors are going to look gorgeous in HD! Oh and the characters are looking rather sharp as well.

Recently at BluesFest 2012, an annual BlazBlue Con in Japan, Arc System Works made the announcement that a brand new BlazBlue  sequel, titled Chrono Phantasma, was in the works, and was later confirmed on Twitter by Toshimichi Mori, an Arc System Works designer.

Other Features Mentioned:

• Redrawn Graphics for Characters

• Brand New Costumes

• Updated Movesets

James Xie, a BlazBlue veteran player and tounament organizer, had this to say about the game on Twitter:

"It seems they are taking a more GG/P4U stance on resource management, all characters have 25 meter partitions. No visible guard gauge."

"The burst gauge looks COMPLETELY reworked, however. It can be greyed out, X'd out, or transforms into a completely new gauge. " -James Xie

A trailer was uploaded thanks to Famitsu:

 BlazBlue: Chrono Phantasma   will hit arcades across Japan Winter 2012, with location tests starting Aug. 6, (Expect people to upload location test videos soon!)