We already know it's coming, but Ubisoft has officially denied any announcements about Red Steel 2. Inpact Virtuel originally reported that Ubisoft had confirmed the game at the Interactive & Digital Entertainment Expo in Cannes.
However, following a call to Ubisoft, they have found that nothing has been announced. At the moment, we have a game that we know people are working on, but officially doesn't exist. Spooky! It's like a ghost-game.