As you can see in the first trailer (shown below, as filmed at the Tokyo Game Show) Team Ninja is improving upon the Xbox original in all areas: The visuals, including characters, stages and effects, are being upgraded. All cut-scenes (old & new) in the PS3 version will be real-time.
For gameplay players can look forward to new moves, actions and weapons for Hayabusa. Racheal, one of the series’ heroines, will be playable, and when using her, you’ll get to experience the storyline from her perspective.