It seems like we've been waiting ages for Crimson Dragon, the spiritual successor to SEGA's cult-favorite Panzer Dragoon series. Since Microsoft hasn't shared news on the game in more than half a year, the universe seemingly took it upon itself to throw us a bone: the game's PAX East 2012 demo recently leaked on the Japanese Xbox 360 Marketplace, along with a handful of DLC. We didn't get a chance to grab the demo before it was pulled, but the footage we share with you now is the next best thing.

Dragon riding aficionados may have noticed something missing from this week's Co-Op Release Alert. Crimson Dragon was supposed to launch this week but was unceremoniously delayed. According the Xbox.com it has been set to release on December 31st, 2799, which means it's not my problem, or anyone else's for that matter.

Crimson Dragon has got itself a shiny new release date. The on-rails dragon riding simulator will take flight on June 13th. It's powered by the Kinect, so I'm assuming that you have to flap your arms to fly and spit at the sensor to breathe fire. Okay, maybe not, but I can dream, can't I? 

Crimson Dragon, the sequel to Panzer Dragoon in everything but name, now has an official Japanese site. And with that site comes a few new screenshots as well as higher-quality versions of the ones originally provided by Famitsu. Additionally, the game's dazzling trailer (previously glimpsed via camcorder video on YouTube) is available for download to Xbox 360s with a Japanese Xbox Live account. Siliconera has kindly uploaded the trailer for all the world to see.

I don't know why companies still insist on creating code names for their products before coming out with the official title; I was happy with the Nintendo Piddle, before they changed it to the Wii. The latest name change surrounds the spiritual successor to Panzer Dragoon. Project Draco shall now been known as Crimson Dragon. Along with a new name, some equally new details are beginning to appear about this elusive exclusive for the Xbox 360 Kinect.

The thought of strapping yourself to the back of a mythical beast may sound fun, but most of those stories involve death, destruction and more than their fair share of turning people into stone. If, like me, you prefer to keep your magic animal riding strictly to Kinect, then you are in luck.  The spiritual successor to Panzer Dragoon, Project Draco, has announced 3 player online co-op.

Several new Kinect games were revealed last night during Microsoft's Tokyo Game Show Press Conference and surprisingly none of them involved collecting rings while jumping around.  One of the surprise games is an Xbox Live Arcade title by Phantom Dust and Panzer Dragoon game director Yukio Futatsugi.  The game is called Project Draco and it looks to be a spiritual successor to Panzer Dragoon.