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According to the lastest issue of EGM, Microsoft is looking to buy the Japanese game developer, Capcom... Having Resident Evil all to themselves in Japan would definitely help out Microsoft who has never been able to break into the Japanese market well." They would have access to brands such as R.Evil, Devil May Cry, Megaman, and more.
I haven't really heard anything on this matter and I check a few gaming sites and forums just about daily. although I haven't tryed it yet I heard that Resident Evil Deadly Silence on DS is supposed to be really cool.