So here's what we know about massive Capcom/Namco Bandai/Sega crossover Project X Zone: it's a 3DS strategy-RPG that appears to use a version of Tales' Linear Motion Battle System, with an enormous cast featuring characters from fighting games (Street Fighter, Virtua Fighter, Tekken), RPGs (Tales of Vesperia, Resonance of Fate, Valkyria Chronicles), platformers (Mega Man X) and more (Space Channel 5).
In a huge series of reveals in the newest issue of Famitsu, it turns out that Monolith Soft (the Xenosaga games) is developing the Namco Bandai-published game. Details were given about the game's battle system, which focuses heavily on cooperative attacks between party members.

Support Attacks call on a nearby party member (around 8 spaces away) to perform a tag-in strike.
Cross Hit takes place during a Support Attack--if your main character and your support character attack at the same time, it triggers Cross Hit, freezing the enemy and letting you follow up with combos.
Critical Hits occur after an opponent has been knocked into the air--timing an attack so it hits the opponent just before it lands results in a Critical Hit.

Characters start out with two or three individual skills, but can eventually gain up to five special abilities--these, too, can be levelled up. The game encourages you to use all of your skills in battle--just farming one ability won't net as much of a bonus as using all five abilities.
The "XP" bar in screenshots is the Cross Point Gauge, which goes up as you fight. Performing Cross Hits can push the gauge up to 150%, which you can then expend to perform a special attack.

Battles will be fully voiced, and you'll get plenty of (text) commentary from characters before and after fights. Special attacks are cut with fullscreen images of characters for style and impact.
In addition, eight new characters were unveiled, but no images of their sprites or character art have turned up... yet. We'll update with more as we get them, but for now, the newly-announced characters are:
Chun-li, from Street Fighter
Morrigan Aensland, from Darkstalkers
Nanbu Kaguya and Haken from Mugen Frontier Super Robot Wars
Bruno from Dynamite Deka
Erica and Gemini from Sakura Wars
Valkyrie from obscure Namco Bandai classic Valkyrie no Bouken
So now that we have a clearer picture of the game and its gameplay, what do you think? Do you want to see Project X Zone get a North American release?