I'm surprised that Microsoft hasn't stopped working with Yukio Futatsugi. I know he left and started Grounding Inc, his own company where he did Pop-Up Pursuit and other stuff on WiiWare. I was really surprised when Crimson Dragon (Project Draco) was announced. Sadly I never got to play it but I think moving it from Xbox 360 to Xbox One hurt it (not to mention the reviews where generally bad).
I'm even more surprised that they are actually reviving Phantom Dust, considering that the game bombed (for what I know) on Xbox. Though, Phantom Dust is Yukio Futatsugi's best title since leaving SEGA.
I hope Grounding Inc gets to helm the production, with that money I hope they make the studio grow since it has only been doing smaller scale games (Crimson Dragon being its biggest).
Who knows, we might get a Crimson Dragon RPG he wanted to make...