Capcom have announced, via GameTrailers, that the newly teased Marvel vs. Capcom 3 has actually been in development since the Summer of 2008. This really contradicts what Seth Killian, Capcom's community manager told us last year as he claimed Marvel vs. Capcom 3's arrival would depend on sales of Marvel vs. Capcom 2.
When speaking to GameTrailers, Capcom's Ryota Niitsuma said "We really started working in development in summer 2008. But all the contract and legal negotiations -- that came way before that, as well. So ... we started to produce this game before the success of Marvel vs. Capcom 2 as a downloadable title."
The game is currently scheduled for a Spring 2011 release on PlayStation 3 and Xbox 360. Be sure to expect more information about the game during this year's E3.