– artwork comes from early 2008 pitch document, art style has since evolved
– Nintendo showed interest in Factor 5 developed project, but no confirmation of green lit project has been announced
– early Factor 5 pitched storyline involves Pit being “cursed for thousands of years for a crime and becomes a ‘fallen angel’.” He sports a tattoo on his arm to mark his crime
– Nintendo has “no comment” on all art and information presented
As is the case with most unannounced information, I would consider this a rumor for the time being. At this point in time, however, it seems tangible that we could see Kid Icarus at E3 this year.