Earlier this week there were a few sites reporting that Capcom was releasing an updated version of the classic Bionic Commando over Xbox Live and the PlayStation network. Today Capcom made this official with the announcement of Bionic Commando Rearmed.

Bionic Commando Rearmed sees a return of the intense 2D side scrolling, shooting and grappling action from the much-loved 1988 Bionic Commando on the original 8-bit Nintendo Entertainment System™. Bionic Commando Rearmed brings the amazing gameplay up to date with stunning new visuals, new weapons, online rankings, a reworked musical score and the addition of a 2-player co-op mode. The title will also provide cross-game interoperability, as completing parts of Bionic Commando Rearmed will unlock new content and provide secret insight into characters and plot of the brand new Bionic Commando sequel coming later in 2008.

This looks like a must have for me. We'll have more info on Bionic Commando Rearmed when we get closer to it's Spring 2008 release.