Marvelous Entertainment candidly stated during a financial presentation they lost money on three out of the four Wii titles published in the first half of 2009.

As seen in these screenshots, Lighting is playing the role of a blaster and can purchase HP +15 or the magic spell thunder. Snow, being an attacker, has different options like the ruin spell and HP +70.

Many industry executives including Yoichi Wada, CEO of Square Enix, agree that the Japanese video game industry is on a downhill slope. But, why?

Walmart has new PlayStation 3 and Xbox 360 bundles for Black Friday. The PS3 package contains a slim PS3 w/ 120 GB hard drive, inFamous, Batman: Arkham Asylum, and The Dark Knight on Blu-ray for $299.

Famitsu also revealed details about Estpolis: The Land Cursed by the Gods, a new game in Taito’s Lufia series or Estpolis Denki if you’re in Japan.

In the summer, we broke the news that Marvelous was considering hi-definition ports of their Wii games. No More Heroes will be the first game getting that treatment.

Atlus picked up the rights to 3D Dot Game Heroes, which was just released in Japan a few weeks ago. The game will come out in North America on May 11, 2010.

After ten years of planning, Nostalgia finally made it to North America. Since Nostalgia took so long to develop we asked Naoki Morita to look back and tell us more about the game’s development cycle.

More details about Zangeki no Reginleiv (previously called Dynamic Zan) are trickling in thanks to online retailer Neowing.

This announcement is big. So big, you may need to step back just to take it all in.