Rising from a wave of New Play Control Gamecube ports is a new Wii game published by Nintendo. Takt of Magic was first announced at a Nintendo press conference last year without a release date. According to a scan of Shonen Jump, Takt of Magic is slated to come out in Japan on May 21.
As a core gameplay mechanic, Takt of Magic has players draw magical runes with the Wii remote. While Nintendo is publishing Takt of Magic in Japan, Taito is developing the game. You might recall a Nintendo DS game called Lost Magic, also released by Taito, for the Nintendo DS that looks very similar to this.