two different projects and now, if a recent job listing is to be believed, it appears that at least one of them is a brand new IP. This listing asks for a design director on an "unannounced new IP," specifically a third-person game filled with both "action" and "adventure." Such a project makes sense, given the studio's experience with Dead Rising 2.
We're just going to go out on a limb here and say the studio is pulling the Proto Man costume from Dead Rising 2: Off the Record in order to create a brand new franchise: Proto Man Legends. It's the only logical explanation.
Capcom Vancouver is also rumored to be working on Dead Rising 3. Like that will ever happen.