Tecmo Koei first announced Ninja Gaiden 3 at Tokyo Game Show in 2010. The game resurfaced with a bloody teaser trailer of Ryu eviscerating the viewer. A blip from Famitsu notes Ninja Gaiden 3 is on track for release sometime in 2012 without any other details.
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Ninja Gaiden 3 will be revealed during E3 next week.