Arc System Works has had success with their new BlazBlue series but they haven't abandoned their other fighting series, Guilty Gear.

"What we can say about Guilty Gear is that it is not dead yet. It has not ended," business development director Tomo Ohno told NowGamer. "The producer/creator of Guilty Gear, Daisuke Ishiwatari, his comment for this meeting [was] ‘I have the full intention to create Guilty Gear for PS3 and 360.’"

One GG game was released for the Xbox 360: Guilty Gear 2: Overture, a hybrid action/RTS game. Arc Systems moved on to develop BlazBlue because they lost the license to Sega. Guess the two companies are trying to hammer out some sort of agreement on that front?