And in crowd funding news, a little project has popped up called Rotten Core which is based around a couple original characters made for MUGEN (for the non fight game peeps, it's basically MAKE A FIGHTER). They put up a trailer with some gameplay and while it does look very mugeny (the hit sparks and SNKish sound effects are big hints), apparently one of the big goals is to work with another team to put the characters in a new engine.
On a personal note... I dig the artstyle, that sort of grimey punk rockish look. Aaand it looks like they have some interesting mechanics in place.