This sounds good, but I also am pretty confused by it. KOF was 3D/2D type of game. However, this means they could go full crazy and do 3D type games. Not too cool with the Tekken-KOF style of gaming, I don't see it working.
However, if they didn't retain any staff that did KOFXIII than it could be something totally left-field than a UM or a XIV