What happens when Spark, Team Ninja and Keiji Inafune collide?

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What exactly is Yaiba?
That's what everyone interested in Keiji Inafune's Ninja Gaiden spin-off, developed by Comcept, Team Ninja and Spark Unlimited, has been wondering since the game's mystery-shrouded reveal at last year's Tokyo Game Show. How does it work? Is that Ryu in the key art? What's with the "Z"?
After attending a recent preview meeting, I've a little more information to hand and a truckload more unanswered questions to boot. Inafune and Team Ninja lead Yosuke Hayashi are currently siding with the popular trend for reveals - a few scattered assets and a little ideology, but not much in the way of actual meat-on-the-bone gameplay. The focus is still on Yaiba himself, who's posited as something of anti-Ryu Hayabusa (Inafune said Yaiba, whose name means "blade" in Japanese, is the arch nemesis of Ninja Gaiden's more typified ninja hero.)
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