Spanish magazine Club Nintendo has confirmed that Namco is in development with a remake (not direct port apparently) of Soul Calibur 1. So far Link does not appear to be in the game although Namco hasn't really confirmed anything about that. Namco is also including an option to perform special moves with one command (like the C-stick...), possibly using buttons on the touch screen or something, although I'm just guessing about the touchscreen part... Finally, the kicker, Namco has stated that the graphics and audio at this point in development have surpassed
the original version (apparently referring to the arcade, not dreamcast version). Still, quite a feat.... If you would like to view a scan of the page and the cover, click here
to go the the Gamespot forums. Note that in the magazine there is a list of games including splinter cell next to the article, that is not a list of DS games, but a list of GCN player's choice games.
Anyway, all I ask Namco is to include characters and moves from SCII, inlude both LAN and Wifi multiplayer, and include voice communication via the microphone for online play a la Xbox Live. With SC2 characters and online play this could easily be the best and most complete 3D fighter ever, especially since the lack of an analog stick makes no difference...all you need is a dpad and four buttons.
I also hope they don't screw up the game by injecting half-backed touch screen and dual screen ideas...or at least keep it optional.
Finally, this is just speculation on my part, but a PSP version is also likely to be in development, as the PSP has everything required for a great fighting game, and namco has already shown support via Ridge Racers.