Hell yeah! Sega has teamed up with Arkedo (Nervous Brickdown, Big Bang Mini
, the Arkedo Series
) to make a game currently only known as "Project Hell Yeah!" Arkedo is now running a development blog
for the mystery game, from which we've learned that it has "MEGATONS" of monsters in it, and that Arkedo's been working on it for nine months. Given the codename and the proliferation of monsters, we're going to venture a guess that this is set in a very cute version of Hell.
Sega and Arkedo are still being coy about the details of the project -- including platforms (the fictional Dreamcast 2 is ruled out!) and release date.