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Arc System Works seem to have a number of projects under their sleeves at the moment, mostly consisting of fighting games. But Blazblue nor the Persona 4 fighting game but instead a fighting game based around the Nura: Rise of the Yokai Clan franchise which has previously consisted of an anime and manga series. The gameplay is the same as you would expect to find in any game, however you can change the statistics of your character by adding different yokai to them, giving you some control over your characters fighting style.
This game is due out on the 17th of November for both the Playstation 3 and XBox360 consoles. A gameplay video is below:
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