Akaneiro: Demon Hunters seems to be what you'd get if you mixed Okami, Torchlight, and Little Red Riding Hood all together in a big sexy pot. Sounds good, right? To top it off, it's the latest work of American McGee (known for his Alice games) and his studio Spicy Horse.
The game is an action RPG set in feudal Japan, and features a near identical art style to Okami, though with different art design, mainly in that monsters are decidedly more sinister. As all with pretty well all action RPGs, you'll be customizing stats and smashing and grabbing loot as you make your way through the game world. You can also team up with other players to earn "reconigition and reward".
Akaneiro launches sometime this year on "online and mobile platforms", so...pretty much everything, I suppose. Hit the source if you want to sign up for the beta.