After spending a good amount of time teasing, Team Ninja has announced Female Tengu for Dead or Alive 5 Ultimate. Sporting a pair of wings and a devilish demeanor, she reminds me of Devil Jin quite a bit. More than the design too, she even rocks a similar windmill kick.
The wings aren't just for show though. Female Tengu is described as a trickster character, focusing on aerial movement. You can see this in the clip where she fights on the beach, using her flight to get past her opponent's low attacks, presumably opening them up for a whiff punish. Female Tengu will be available in Japan later this month as part of an update, in addition to a costume pack. No word on when she will be seeing release elsewhere.