Xbox 360 owners have another Taito arcade classic to look forward to. The publisher has announced an Xbox 360 version of Rainbow Islands: Towering Adventure, to be released domestically (and presumably worldwide as well) on Wednesday, October 28th for the Xbox LIVE® Arcade for the Xbox 360® video game and entertainment system from Microsoft.

Towering Adventure is a remake of the classic Rainbow Islands game, which has Bubble Bobble series characters Bubby and Bobby building rainbows to climb their way up to the top of a tower. The remake was previously released on the Wii in March. The 360 version promises story mode, challenge mode, and time attack modes, along with a worldwide one-on-one online competitive Xbox Live Match mode. Those who prefer to compete offline will also find a two player local cooperative mode.

Rainbow Islands: Towering Adventure is platform gaming at its most colorful. Control the rainbows to take you through the game's 10 seamlessly connected areas, as you climb from the earth to the far reaches of space. Conquer all 10 Areas in four different game modes, and customize your character's outfit with a range of quirky costumes that you can earn in the game.

The game has multiple game modes that allow the player to experience the complete Story Mode, try Time Attack mode, or take on the Challenge Mode that tests how far you can climb from Area 1 to 10 before losing all your lives. In the multiplayer modes you can play cooperatively with a friend with two Xbox 360 controllers or race to the top against other players in the frenetic action of an Xbox LIVE® Match.

Taito is also using making use of the 360's avatar support. Players will be able to substitute their own Xbox LIVE Avatars for Bubby and Bobby.

So far the remake has only been confirmed for a Japan release at this time, but if the English version screenshots above are any indication, we can expect Rainbow Islands: Towering Adventure to launch worldwide on Wednesday, October 28, 2009. Pricing for Rainbow Islands: Towering Adventure is set at 800 Microsoft Points. We’ll keep you up-to-date on the status of this game’s release date. Until then, let us know what you think about the game by posting a comment below.