"Project Needlemouse"...though would it have killed them to have at least a couple seconds of footage from the game? : P
But yep, looks like Sega's been listening to the cries for a new 2D Sonic, and next year the blue blur should be taking it old-school in a title that's not a re-release.
The fact that it's in HD has me thinking it could be a really, REALLY nice-looking game. Like, along the lines of it looking less pixelated, and more like an animation cel. Course, that's just me daydreaming. XP
Of course, it could also mean that it's a download-only title.....which would suck to the nth degree for those of us without internet access to our PS3s and 360s. But hopefully Sega will be wise and make sure it has a physical, on-disc copy as an option for purchasing.