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At an event last night at Tokyo Game Show, Team Ninja announced that they have two new titles in the pipeline: Ni-Oh and Ninja Gaiden 3. Ni-Oh, a title that was being developed by Koei as a Playstation 3 exclusive back in 2005, is now going to be finished up by Team Ninja. Though details are scarce about the new titles, it seems a fairly safe bet that both of them will be released on the Xbox 360 and Playstation 3. A new Ninja Gaiden may not have come as a shock, but it is still exciting news all the same.

Stay tuned for more announcements as new details unfold.

Source: Destructoid