Simon Viklund, the Creative Director of developer GRIN, announced on the GRIN website blog today that Bionic Commando is nearing completion and all that's left is a little bit of polishing. They've been working on the title for close to a year now and they anticipate the release of the title on the Xbox Live Arcade. Simon goes on to say that the title should enter into the approval process within weeks. Below is the post from the GRIN developer blog:

IGN has the first details, screenshots and gameplay video of Bionic Commando Rearmed the remake of the classic Bionic Commando title for the NES. That's right IGN has stated in their preview that the game will most closely resemble the console version of the title and not the arcade version. As rumored the game will feature two player co-op, characters that follow the naming convention of the US version of the title (sorry, no Hitler). The best news I think from this reveal is that the title will follow in the footsteps of the Prince of Persia Classic with updated 2D in a 3D world visuals.

In a move shouldn't have been surprised by this, given Capcom's current and future presence on the service(s), Bionic Commando will be swinging his way on to XBLA and the PSN. According to Japanese magazine Fatitsu, we will be getting a graphical update as well, a la Street Fighter and Puzzle Fighter.

While the details are still a little sketchy, I know of at least a couple of people who were on the fence about picking up a 360 who this will certainly push them into doing so. It's amazing how many people who finally are swayed by some of the retro-remakes that people seem to complain about.

As a side note, is their anyone out there that still thinks that it's not just a matter of time before Capcom announces the boy in blue himself will be gracing us with his presence?

[via The Asylum also known as NeoGAF]