Apparently! Announced in 2005, Ni-Oh is apparently coming out next year. That’s eleven years after it was originally announced.
We last heard of Ni-Oh! in 2012. The game, based on an Akira Kurosawa script, was announced in 2005. "I heard that it's been stopped, but it's actually very much in development," Tecmo Koei's Yosuke Hayashi told Venture Beat. "We still need a little time before showing it off, but it is starting to come together."
Team Ninja leader Yosuke Hayashi revealed at an event in Tokyo this evening the developer's next major projects, including a new Ninja Gaiden game for consoles and the revival of a game we know as Ni-Oh.
Koei's Ni-Oh is based on an unearthed script from Japanese director Akira Kurosawa (Yojimbo, Seven Samurai, Rashomon ) and has been M.I.A. for a while. Good news, Koei is still hard at work on it.