^Soul Calibur III
Soul Calibur 3 has just been announced, slated for release sometime this year (Christmas?). The good: a customizable character in story mode, an Egyptian guy with a scythe, and a clock tower board. The bad: I have to wait all year, some chick with a bladed hula-hoop, and it's PS2 only.
Of course, until then, we can just beat each other senseless with SC2 (Once again at my house)