Mega Man co-designer and former Global Head of Production at Capcom, Keiji Inafune, has announced a brand new action-RPG for the Nintendo 3DS. It's called King of Pirates, or KAIO in Japan, and it's the first game by his new company. Multiplayer is confirmed, and it has been slated for a general "2012" release date. There's already an English press release and an official English website, so it's safe to say the game will be coming to North America and Europe. A story trailer, complete with English subtitles, has been released. So far, there are no further details.

Trailer