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I wonder if this is somewhat in response to the successful Kickstarter night-runners had.
I played the absolute mess out of TXR and TXR2 on dreamcast. Loved those games so much. I recently went back to play them again, and the simple effects to show the illusion of speed are still great. This will be one to keep an eye on, though it's hard to be optimistic anymore.
Glad to see Genki make a comeback with TXR, but also concerned since there is literally so little information at the announcement.