At Capcom's Comic-Con panel, producer Yoshinori Ono has confirmed that they are working on Street Fighter III: 3rd Strike Online Edition as a ways of saying that they "haven't forgotten about Street Fighter III."
"We're just starting to work on it," Ono said, "it won't be out in the immediate future."
However, Ono mentions that since it's still early in development, fans should feel free to shout out their ideas and what their wishes are for Street Fight III: 3rd Strike Online Edition.
Capcom also just announced a collab project between Namco and themselves: Street Fighter X Tekken. The cross over will run on the Street Fighter IV engine.