Update 1: DaKing240 – Capcom is proud to announce the return of four classic “World Warriors” in Street Fighter IV: returning favorites Ryu, Ken, Chun-Li, and Dhalsim. The characters and environments are rendered in stylized 3D computer graphics (CG), while the game is played in the classic Street Fighter 2D perspective with additional 3D camera flourishes. The traditional six-button controls for the game will return, with a host of new special moves and features integrated into the input system. Mixing tried-and-true classic moves and techniques with all-new, never-before-seen gameplay systems, Street Fighter 4 brings a brand new fighting game to fans the world over.

Everything that made the legendary Street Fighter II a hit in arcades, living rooms and dormitories all over the world has been brought to bear here, with even more surprises. With the inclusion of Capcom’s latest advancements in new generation technology, Street Fighter IV promises to deliver an extraordinary experience that will re-introduce the world to the time-honored art of virtual martial arts.

Features:
• 2D/3D fighting environments
• Classic Street Fighter characters re-imagined for a new generation of gamers
• New special moves that go beyond any Street Fighter fan’s wildest imagination
• Amazing locations never seen before in a Street Fighter game
• New gameplay elements provide new challenges for both newcomers and the most seasoned Street Fighter pro.

Original Post: Over at 1up, they published a story this morning with this screen shot and a few details about the upcoming long-time coming sequel, Street Fighter IV. The graphics as you can see are in full 3D, but thankfully, they confirmed that they are keeping the gameplay in 2D, the only way to play Street Fighter.  (There is a full size screenshot at the 1up site as well.)  They confirmed Ryu, Ken, Chun-Li and Dhalsim as returning characters, but the rest they are keeping secret. There hasn’t been any confirmation either about it being on the 360, but it would surprise me quite a bit if it was not on the 360. The next issue of EGM mag which will be in stores soon will have a full set of details. For me, all they would have had to do was put the screenshot up (looks good), and then say gameplay is 2D (only way to do SF), and I would have been stoked, and ready for purchase.

Via: Press Release and minor details from1UP