Alvion, a company who has done work on such titles as Siren: New Translation and Ape Escape Academy 1/2, has put up a new site for their latest project: Malicious.
The game looks to have a cell shaded art-style, almost like Valkryia Chronicles. Not much else is known about the game, other than that it is an “Action” game and it seems to have a fantasy setting (based on the music playing on the site).
I will be checking back on that site periodically to see what they update. The game is currently due out some time in 2010.
[Source: Official Site]