According to GameSpot, Xbox is working on a side-scrolling action game with an artistic setting somewhat similar to Princess Mononoke, code-named Project Belfry.
According to GamesBeat reporter Jeff Grubb, the gameplay of the game is similar to "Dragon's Crown", and the bell tower in the game will serve as the base for the protagonist, who can make items and upgrade equipment.
and Windows Central's Jez Corden reports that Project Belfry is being developed by Stoic Studios, which is also the developer of the Legend of the Banner series. He also said the game will be released by Xbox Global Publishing, which may be released on XGP.