Sega has announced that they are going to try and resurrect the dead and make a 5 year old fighting game relevant again. The Japan-based publisher and developer has announced a new version of VF5 entitled Virtua Fighter 5: Final Showdown for the Xbox Live Arcade and PlayStation Network.

The updated version will feature two new characters, revamped gameplay mechanics and character balance, and a redesigned online play system. The goal of the project is to deliver the ultimate competitive experience online, similar to what the base game has been known to do in the arcades. We all have quite a wait ahead of us though as the game isn’‘t being released until the Summer of 2012.