We're pretty sure people still like the Bleach manga and anime, and we like Treasure, and everyone likes a good online fighting game, so Bleach: Versus Crusade seems like a winner. Since Sega localized both previous Treasure Bleach games for the DS, we wouldn't be too surprised to see this one come along as well. Sega isn't making any hints in this trailer, though -- the Wi-Fi section overlays two gameplay videos over a map of Japan.
The trailer looks totally great, if a bit hyperfast for our comprehension! We're anxious (and slightly worried) to see how Treasure fares at creating a 3D fighter.