Team Ninja's Yosuke Hayashi revealed that the company is working on new intellectual property, as well as "multiple" other projects.
"As Team Ninja, we're most well-known for the Ninja Gaiden series and the Dead or Alive series. I think to our fans, and our userbase, we know that they have expectations for us.
"But, yes, at the same time, we would like to experiment, explore with something that is very much a Team Ninja production but may not be something that's already been put out... that's definitely one of our goals and missions that will continue for the team."
Team Ninja, a subsidiary of Tecmo founded in 1995, is putting out a PlayStation 3 version of Ninja Gaiden Sigma 2. It was previously said to be working on an action title for the 360 code-named "Project Progressive." Not sure if this is the same title Hayashi was referring to in the above interview. Hopefully, all will become clear soon.
Given Ninja's limited scope of previous games (basically just Dead or Alive and Gaiden), there's a lot riding on whatever this new property is. In a way, it's make-or-break, given the fact that the creator of Gaiden, Tomonobu Itagaki, left the company amid controversy and lawsuits.