Its 3D, and from my vague understanding of how Capcom works these days, almost certainly American developed. Also if it isn't coming out until 2009, as they are saying, then that's way too much lead time for a project that actually has a solid idea behind it. Virtually all (good) fighting games are made in less than 9 months.
Street Fighter is dead. I'm not whining about it, rather its just a simple statement. Its OK. There are plenty of 90s fighters to last forever.