A couple of weeks ago we reported on Grasshopper Manufacture's next project, which was teased by the studio's CEO Goichi Suda - known by many as Suda51.

All that was revealed was new concept artwork, which featured a female protagonist who looks a lot like Shinobu - one of the assassins from the No More Heroes series.

This of course fueled speculation that Suda51 had just revealed a new No More Heroes title and there was plenty of evidence to back it up, what with Yusuku Kozaki - the man behind the series' artwork - being involved.

However, Suda51 has revealed to Siliconera that it is not No More Heroes 3, it is in fact something totally new:

It’s a new IP. It is not No More Heroes 3.

This upcoming project will be the first title Grasshopper Manufacture will release with its new parent company GungHo Online - which acquired the studio in January. Unsurprisingly, it will feature an online element that GungHo will most likely be heavily involved in.

Grasshopper Manufacture is releasing Killer is Dead on PlayStation 3 and Xbox 360 later this year - it's unknown which platforms the new game will be coming to at this current time.

What are your thoughts on this new project? Are you disappointed it's not No More Heroes 3, or excited about the prospect of a new IP? As ever, let us know in the comments section below.

[source siliconera.com]