Have you been waiting for a new beat 'em up to play on XLBA? If so, then perhaps Phantom Breaker: Battle Grounds will be up your alley. The game takes on a 2D pixel-styled appearance with chibi characters. Mages have brought the game West and this will actually be the first game they have ever released in North America.
There are four players to choose from and of course you can team up with friends in co-op to beat up everything in sight. Both online and local co-op (up to four players) are included. Four modes are also included which are story, arcade, co-op, and battlegrounds.
If the name seems familiar that's because Phantom Breaker: Battle Grounds is itself a spin off of the game Phantom Breaker. What makes this notable is that game actually has not come out yet. A multitude of delays have kept it from arriving and so it seems especially odd that the spin off will see release first. Regardless, Battle Grounds is out today and costs 800 Microsoft Points.
Here's the official trailer to see what you're in for: