Being a big fan of the Gundam: Rengou vs Zaft arcade (wonderfully ported to PS2 and PSP) series, I had known about a new Gundam mash-up game that was a combination of a multitude of characters from 00 to G Gundam (Read: God Gundam and Master Gundam? YESSSSSSS). A lot of us has speculated this was coming since there was no way that there wasn't going to be another arcade style Gundam game after the success of the previous ones, and a mash-up was the only way to go since there wasn't enough mecha in just the 00 series (The PSP port was the system best seller for a while).
I saw a few screenshots in Dengeki online a while back but didn't get a real feel for how it was going to be until my boy Chris sent me a link to the official webpage. Seems like the game just came out in March, and damn, it looks like it plays much the same, but way faster and more intense than the previous incarnations. It looks like Bandai Namco are also planning on releasing the game on PS3 (No word on a release date as it's only just hit the arcade) only at this moment, and this is the first time I've looked at my PS3 fondly and thought; "Well, aren't I lucky that you aren't region locked".
Here's a little video of what the gameplay looks like and also the official webpage. The gallery page is in English, so take a look and browse through!