Sega have revealed <font color="orange">Virtua Fighter 4 Evolution</font color> at a recent private show held in Tokyo. This major upgrade features 2 new characters - Brad Burns, and Goh Hinogami, with fighting styles of Kick Boxing and Judo, respectively. This latest version also includes various play modes, revamped stage environments, new moves for existing characters, and some new animations for existing moves.
Due in Japanese arcades sometime in the Summer, and hopefully (fingers crossed) in other arcades soon after. No official announcements have been made for a console port.
Here are some links you might like to catch up on.
Versus City Discussions
<ul type="square">[*]VF evolution screen shot
[*]Got the VF4 Evo clip...
[*]VF4 Evolution @ AM2's website
<ul type="square">[*]Sega AM2's official VF4 Evo site
[*]Famitsu p1, Famitsu p2