Namco Bandai is developing a new Soulcalibur game, but Soulcalibur: Lost Swords is pretty different from teh other titles. While it’s still a weapon combat game, Lost Swords is single player and the focus is completing missions. Second, Soulcalibur: Lost Swords is free to play, but Namco Bandai has not revealed the business model yet.
So far, Siegfried and Mitsurugi have been confirmed for Soulcalibur: Lost Swords. Siegfried still has ridiculous reach with a gigantic Zweihander sword and Mitsurugi still wields a katana. The game has a new gimmick with different colored attacks. One screenshot shows Siegfried with a red weapon effect when attacking and the enemy has a blue effect. In the screenshot with Mitsurugi, he has a blue weapon effect and the enemy has a green barrier.
Soulcalibur: Lost Swords is slated for release later this year on PlayStation 3.