Snail says its extension decision is due to an "overwhelmingly enthusiastic" reception for AoW at both GDC Online and the New York Comic Con. The game features eight unique martial arts schools as well as a sandbox open world set in a mythical ancient China. Age of Wushu is slated to release in America on February 1, 2013.
The Elite Edition will set you back $9.99, and you can learn more about it via the official AoW website link below.
[Source: Snail Games press release]