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Ninja Gaiden 2 is set for a worldwide release on the Xbox 360 sometime in 2008. However, unlike its predecessors, it won't be ported to other consoles. Instead of being published by Tecmo, holder of the Ninja Gaiden license, the game is being published and distributed directly by Microsoft Game Studios. The exact terms of the publishing deal had not been made public and neither were any details on the title's story or gameplay.

Tomonobu Itagaki, head of Tecmo-owned Team Ninja, was on hand at a pre-Tokyo Game Show event this morning in Japan in order to make the Ninja Gaiden 2 announcement. He was joined on stage by Hironobu Sakaguchi, creator of the Final Fantasy series and founder of Mistwalker, (the company who published the 360-exclusive role-playing game named Blue Dragon).

Though Blue Dragon hasn't been a commercial or critical hit in the US or Japan, Sakaguchi used the event to announce and date his latest 360 RPG, Lost Odyssey. The game will be released on December 6 in Japan, where the 360 runs a distant third to the PlayStation 3 and Nintendo Wii in terms of market share. Lost Odyssey will then ship in the rest of Asia in January 2008, and as for North American and European the game will be available the following month.