IGN uncovers some details on the latest Ninja Gaiden with an interview from Team Ninja.
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"IGN: What is Team Ninja's strategy with this series? Is it now going to live on PS3?
Our goal with Ninja Gaiden Sigma is that we have what we feel is one of the best action games ever made and we want to bring it to as many people as possible. We don't consider anything to be the definitive version of Ninja Gaiden. We want to have the best action game in the world at the time of its release. Itagaki-san blazed a trail with Ninja Gaiden and now we're broadening that trail by bringing the game to PS3."
Short answer, no, long answer no.
I got the feeling from this article that they are disrupting a lot of the things that itagaki put into ninja gaiden... lessening the difficulty, duel wielding, playing rachel... it just seems to not be quite the same, but it will have to be seen when it comes out... i'm also not so sure about baddies on motorcycles...