Those of you who follow the news stream coming out of Capcom religiously will have noticed a countdown appearing on their community website earlier that week for a big announcement. The countdown has now been replaced with news that Street Fighter IV is in development.

There are very few details as of yet, but a media event currently being hosted by Capcom may reveal more before the weekend is by. A video has been released to promote the announcement, but there is no in-game footage, just a nicely done animation of Ryu and Ken fighting.

The Street Fighter name still carries with it a lot of weight even after all that instance. By doing a new one now, Capcom has an opportunity to introduce a whole new generation of gamers to one of the best fighting game franchises. On top of that, the

company will get it in lovely HD.

Read more at 1UP, and visit the Street Fighter IV website.

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