The rumors that Capcom and Namco are working on a pair of fighting games together became fact over the weekend as the two companies announced Street Fighter X Tekken and Tekken X Street Fighter for the Sony PlayStation 3 and Microsoft Xbox 360. The former title is in the works by Capcom and will feature characters from both franchises in a game modeled after Street Fighter IV, while the latter is under development at Namco and will pit challengers from each property against one another in a Tekken-style arena. Kombo has the details, and be sure to check out the trailer. I guess I'll finally have to learn about all of these Tekken characters.
In other related news, in the spirit of Marvel vs Capcom 2 and Super Street Fighter II Turbo HD Remix, Capcom is also planning to bring Street Fighter III: Third Strike back into the spotlight with a downloadable re-release and added online multiplayer. It's just entered development, so it's not due anytime soon, but Capcom is interested in hearing what fans want, so be sure to be vocal in your demands as long as they're reasonable demands. I guess I'll have to finally learn about all of these Third Strike characters.