Check this link for the video trailer...(it's more of a movie than actual gameplay)

http://www.streetfighterworld.com/

I'm excited as hell being an SF lover since SF2:World Warrior (the first SF2).

[Edit]

I thought I should add this...(he works for Capcom)

[@s-kill] inkie: SF4 is already playable
[@s-kill] taiki: can't talk about any platform plans at this time
[@s-kill] for actual weird legal reasons

If people are interested in this stuff how I am here, I'll update this thread as new information gets leaked.

i hope it's not 3D.. is it??

no idea but my guess would be 3d characters in a 2d playing field

Looks cool.