Now this looks like one interesting game. Folklore is coming out this fall for the PS3 and according to Wiki:

Folklore, or FolksSoul in Japan (formerly Monster Kingdom: Unknown Realms, Unknown Realms) is a video game for the PlayStation 3 announced at E3 2006 which is told to be “The next generation of dark fantasy.” The game is a real time action adventure game with RPG elements, in the same vein as Genji and Devil May Cry. The game stars a young blonde girl named Ellen, and a journalist named Keats. Together they must fight the monsters known as the “Folk” and weaken and capture their souls.

Now I’ve just gotta hold out hope for an Xbox port of this one.

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