I got the game working. (I litterally had to skin my PS2 to play it) and I can tell that this game was destined for a US release even before it got done.

So far I have the following news

There is very little voice acting, so no need to worry abou dubbing voices
Combat plays almost like a Tales game
Chun-li and KOSMOS are EXTREAMLY overpowered
Shion and MOMO are insultingly weak.
Apperently Shadowlaw from the Street Fighter series plays a big role in this game storyline

I'll have more updates when I play the game more.