Square Enix's Project Sylpheed, here spelled Silpheed. What makes the listing all the more bizarre is its bargain price of $39.99 and its publisher, Microsoft Game Studio (which, oddly enough, is also listed as the developer).
Of course, the actual developer, Game Arts (Grandia, Lunar series), has used many publishers -- Grandia II, for example, saw Square Enix publishing the title in Japan and Ubisoft publishing in US and Europe. We don't feel this has anything to do with Microsoft trying to butter up Square Enix while Final Fantasy XIII's exclusivity is supposedly in discussion, but that Square Enix had no interest in distributing the title outside of Japan. But, if the $40 price is accurate, how much faith does Microsoft have that US audiences will embrace the game? There's so much about the listing that feels shaky.
No announcements have been been made by Microsoft, Game Arts or Square Enix. According to the listing, Project Sylpheed will be released July 11.
[Via Xbox 360 Fanboy]