For some reason, the phrase Princess on Ice made us think of some kind of Mafia situation, a game about putting a princess on ice. We don't even watch that much Sopranos. Anyway, as the more well-adjusted among you can gather, it's actually an ice-skating thing. Well, you might find that sinister as well.
European publisher 505 Games is co-developing Princess on Ice with Arc System Works, to be released in Europe in April. Presumably this will also be released by Arc in Japan.
It's no surprise that 505 is so actively seeking content that is designed for girls. 505 got lucky when they agreed to be the European publisher for Cooking Mama, which brought in real money.