More like Steel Battalion without the controller. Slower paced, tactical game with an emphasis on teamwork. Also, it'll have an online campaign/story mode similar to what Steel Battalion had. Really looking forward to this game. It should more than hold me over until Mechassault 3.
Its from the company that brought us Armored Core. Its a completely different game, but one similarity will be that the mechs are completely customizable. You can build your own, you're not just modifying a pre-set type. It should be a very deep game.