Developed by Konami, Steel Chronicle is a multiplayer mech combat game that's currently - and rather quietly - having some location testing done in Japan.
The game is a shooter of sorts, with a viewpoint sat close behind the player's mech, while you're tasked with mowing down waves of invading alien bugs. The action is controlled via a rather fancy dual-joystick setup.
There's not much more known about the game at the moment, since its flier is geared more towards how to play rather than what you're playing, but the mere premise of piloting giant mechs in an arcade setting will be good enough for some!
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「スティールクロニクル」ロケテスト開催 [AM-Net, via Arcade Heroes]