They quietly announced this on Capcom Unity a while ago and no one noticed. So it's Devil May Cry: The Game of the Movie now, which has a special kind of retardedness that I just can't miss.
Or Devil May Cry: Streetwise, in that it, like Final Fight, is getting a makeover no one asked for. The only difference is that like RE: Operation Raccoon City, DMC is a decently popular brand and it might sell a lot just because of the name (DMC2, anyone?). But unlike Resident Evil, we don't have the pleasure of knowing that a mainline game is being developed as well, which makes this even more irritating to longtime fans. The Japanese producer (Motohide Eshiro, I think his name is?) has said that there's still the possibility of continuing both DmC and vanilla DMC series at once, but, well, this is Capcpom we're talking about.
I've honestly come to feel kind of bad for Ninja Theory, even in the midst of my distaste for the ideas behind this game. DMC's one hell of a legacy to live up to, what with the ridiculously intricate combat mechanics and incredibly staunch fans (myself included among them). But with some of the gameplay videos they've been showing, I think they have a chance to win me over. Like Lords of Shadow, DmC contains a lot of the silliness and over-the-top nature and terrible writing the old series does, just configured through a different lens. And like LoS, I hope NT can make an enjoyable action game in spite of the almost guaranteed stupid plot.
Now, I'm not saying DMC1-4 were the pinnacles of storytelling either; I find DMC much like Castlevania in that if you come to it for the story, you've come to the wrong place. But I just find it very dissatisfying when we're told by Capcom that NT was hired for their "cinematic storytelling skills", and what I've seen thus far isn't really any less stupid, just a different kind of stupid. So, unless there are some extremely clever and satisfying plot twists or justifications or something in there, or unless the combat engine by some freakish miracle exceeds that of 3 or 4, DmC won't really have been any better off for being outsourced in the end. Most of this is kind of a moot point when you consider it's DMC and it's supposed to be some kung-fu Ninja Turtle action with demons, but I keep expecting good things from people in the industry who want to ameliorate narrative in games, and I keep finding myself kind of insulted at what they think I will find "good".
I started out believing that this game would only be a horrible trainwreck. But a lot of the gameplay impressions I've read make me think it might be okay. Good, even! And hell, even if it's not quite at the level of 1 or 3, that could still be by most accounts an excellent game. Please prove me wrong, guys.
Except for the movie. It's gonna be pure liquid shit and I will ignore it completely.