The reports also describe it as a game about a cheerleader raised by zombie hunters, who uses her acrobatic training and a chainsaw to destroy zombies ... which certainly sounds like a Suda game. Additionally, the zombies will spray pink blood on the screen when destroyed, something that Siliconera says is meant to convey a "pop" feel.
According to Andriasang, Suda 51 is serving as creative director, with the very busy Akira Yamaoka working on sound. It's reportedly 70% complete, and will be published by Kadokawa Games.
Update: Famitsu has posted the first artwork and screenshots of the game, including the above screen.