Says so here.
"King of Fighters XII will first be displayed on Taito's Type X² [arcade board - Ed] and later ported to Sony's PS3 in 2009, with a possible release on the Xbox 360 in the same year," said the report.
King of Fighters is something we know very little about but are afraid to admit it in case the people that play it obsessively hunt us down and kill us. But this is probably a "very big deal" in the fighting world. KoF XII's going to be shown in video form at the upcoming AOU arcade show in Japan later this week.
Update: This is old. See, we told you we knew nothing about it. Expect to see a movie of the game in some shape or form from AOU later this week.