The game was originally announced by Sammy at the 2003 JAMMA arcade show. Capcom's Noritaka Funamizu offered his personal view on what he would have liked to see of the game, saying: "Personally, I'd like to see the Capcom characters brought to life using the Guilty Gear visual concept. Personally, I'm interested in seeing how the Vampire Hunter characters would look".
In response to a question posted at the Capcom-Unity forums, former Capcom senior manager Seth Killian commented: "This was a project with some interest at one point, but has been dormant for a long time. Things are different today than when the idea was originally conceived, both in terms of the changed market for fighting games as well as the corporate changes at Sammy/Arc Systems/Aksys, and I haven't heard anything about it since I've been at Capcom".