No, Bayonetta isn’t in Virtua Fighter. The what if screenshot is from a premium Xbox 360 theme. Gotta appreciate all of the little details like changing “insert credit” to “insert halo” and switching “round” to “verse”. If you have spare Microsoft Points registered to a Japanese account you can download the Bayonetta theme for 240 MSP ($3).
There seems to be another nostalgic Sega reference, but I can’t put a finger on this one. Anyone get it?