The game sort of started off as an April Fools joke although it is too good to be a joke like next-generation graphics thanks to the usage of Unreal Engine 4 and how good the gameplay is. Further announcements then followed including the recent ones that the game's going to be released late this month. It is said to be the spiritual successor to or perhaps a reboot of Street Fighter EX series as that series is made by Arika. This on the other hand is made by Arika without Capcom's involvement. Perhaps, certain characters belong to Arika or something.
So far, the only platform will be the Playstation 4 and it's going to take Arika additional money spent on development kits/tools for Steam and other platforms. It's going to be an expensive feat if you ask me and especially for indie game developers who have bought the same development kits but different game creation tools. To release a game on multiple platforms may require more development kits and more costs.
Right now, there has been various off-topic stuffs coming in this month and who knows if we can get through the entirely of this month to see the game's smooth release. The other game that is to be released late this month in Europe is Blazblue Cross Tag Battle which was already released in other countries.