After months of rumors, it seems that one of our favorite past times returns “due to popular demand”, but this time it’s making its nex-gen debut on your nearest marketplace.

The return of the title will be called Marvel vs. Capcom 2: New Age of Heroes and it’s headed onto XBLA and PSN. However, the game was rumored time and time again, but Capcom hasn’t said anything on the title until now. 

In addition, it was revealed that there will be an exclusive demo on the game, which is set to release on April 30th only on PSN. 

Here are the details of the demo: Two-player local matches; Six available characters – Ryu, Chun-Li, Strider, Spider-Man, Iron Man and Wolverine; Seven selectable environments; Upscaled 1080p graphics; Widescreen or 4:3 aspect ratio; Two graphic filter options for character sprites; And other cool options to check out.

The first trailer of Street Fighter: The Legend of Chun-Li may not be able to speak to you directly in English, but trust us when we say this video needs no translation – because this video is able to speak to you in its hot kung fuey action.

Street Fighter: The Legend of Chun-Li hits theaters on February 27, 2009. It was directed by Andrzej Bartkowiak and stars Kristin Kreuk, Michael Clarke Duncan, Neal McDonough, Taboo, Chris Klein, Moon Bloodgood, Edmund Chen, Cheng Pei Pei, Josie Ho and Robin Shou.

The last Street Fighter movie was downright atrocious, but that doesn’t always mean that you should give up on the game as a movie series, or does it? We all may know as Steven E. de Souza has the guy who messed up with the games creditable as a film back in 1994. Well, when he was speaking to the guys at MTV’s Movie Blog he said that “Street Fighter: The Legend of Chun-Li,” will be better then the first movie which was simply entitled “Street Fighter”.

“When we were making the original one, they insisted that all of the characters be in the movie,” de Souza remembered with a sigh. “And if you do the math, that gives you about 7 minutes per character if you split it up equally.”

“I’m envious of this group, because they’re able to construct a movie around a single character rather than a three-ring circus that needs to be lassoed with the story,” he insisted. “It’s a rich universe, and I think it can support all of these versions.”

According to producer Patrick Aiello, Ryu and Ken will not be featured in the latest Street Fighter movie. Here’s what he had to say:

"Capcom got together and decided to make it more of an origin story for Chun Li. There are just way too many characters in the Street Fighter universe to cram them all into one film. We want to do each one the justice he/she deserves. So, in short, Ken and Ryu will not be appearing in this film. But, that doesn’t mean we wont see our red and white-clad heroes in potential sequels… "

[Questions. Answered. via Street Fighter Movie]