This is from Famitsu. Judging by the pictures and bit of text I can read, it's going to be a 3D "melee action" game. And it's on the 360.

It mentions something about 'Real Time' on the right hand side. I wish the scan was bigger because I can't read most of the other stuff (not like I'd be able to read much anyway). The other guy who isn't Sol is named 'Sin', which is printed clearly in roman letters.

Curious, they're calling it "Guilty Gear 2" as if it's the direction the series is going in. Hopefully some more information will surface soon, but right now I am not impressed.