1Up has the exclusive on all the new information for Street Fighter IV. They've revealed that Ryu, Ken, Chun-Li and Dhalsim will be some of the returning combatants. 1Up also confirmed that the game is going to be a 2D fighter, but the characters are 3D based. Hey, looks like that Surfer gal was mostly right. Capcom hasn't revealed what platform the game will be on, but 1Up is guessing PS3, X360 and Arcade and not to mention that Surfer Girl also said the same thing (excluding the Arcade bit). The upcoming issue of EGM will have 13 pages of info including hands-on coverage of the game. Check out the gallery for a better picture of Ryu about to kick some ass. 

So anyone else thinks this looks really ugly so far? Also, whoever did the cover art for the Street Fighter IV issue of EGM needs to be fired. His head is so tiny! [Update: Just so we're all on the same page, the cover art was provided by Capcom. -- CTZ]

[Editor's note: Dtoider Macca just happily pointed out that either Ryu has a cucumber in his pants or that he's just really happy to see everyone. Also cocks indeed.]  

[Update 2: Capcom sent over a Press Release. Check it after the jump.] 

[Thanks, Kadosho!]

CAPCOM^® KICKS OFF THE NEXT GENERATION OF FIGHTING GAMES WITH STREET FIGHTER^TM IV

The Next Round of the Definitive Fighting Game Experience Combines 3D Graphics with Classic Street Fighter Feel

Capcom®, a leading worldwide developer and publisher of video games, today officially announced development of Street Fighter™ IV, the next iteration of the genre-establishing fighting game series. This marks the first new entry announced in nearly eight years, following the acclaimed Street Fighter III Third Strike.

In its amazing twenty year history, Street Fighter has revolutionized the fighting genre and created a global legacy like no other. Few details have been released on the new game, outside of a heart-pounding preview trailer that set the gaming community on fire when it was released in October on the official website, StreetFighterWorld.com.

Capcom is proud to announce the return of four classic "World Warriors" in Street Fighter IV: returning favorites Ryu, Ken, Chun-Li, and Dhalsim. The characters and environments are rendered in stylized 3D computer graphics (CG), while the game is played in the classic Street Fighter 2D perspective with additional 3D camera flourishes. The traditional six-button controls for the game will return, with a host of new special moves and features integrated into the input system. Mixing tried-and-true classic moves and techniques with all-new, never-before-seen gameplay systems, Street Fighter 4 brings a brand new fighting game to fans the world over.

Everything that made the legendary Street Fighter II a hit in arcades, living rooms and dormitories all over the world has been brought to bear here, with even more surprises. With the inclusion of Capcom's latest advancements in new generation technology, Street Fighter IV promises to deliver an extraordinary experience that will re-introduce the world to the time-honored art of virtual martial arts.

Features:
• 2D/3D fighting environments
• Classic Street Fighter characters re-imagined for a new generation of gamers
• New special moves that go beyond any Street Fighter fan's wildest imagination
• Amazing locations never seen before in a Street Fighter game
• New gameplay elements provide new challenges for both newcomers and the most seasoned Street Fighter pro.

For more information, visit http://www.streetfighterworld.com