March 28^th, 2002 (12:00am) - It’s pretty much everything we’ve heard about the title in a nutshell. I hope this could be some use to you people.

Here it is:

SEGA AND NINTENDO TEAM UP TO DEVELOP F-ZERO GAMES FOR THE ARCADE AND NINTENDO GAMECUBE

New Game System to Integrate F-ZERO Arcade and Console Entertainment March 28, 2002 - Tokyo, Japan - SEGA® Corporation and Nintendo Co., Ltd. today announced that the two companies have teamed up to develop “F-Zero (working title)” video game titles for the next-generation 3D-CG Triforce arcade board and the Nintendo GameCube™. As part of the agreement, SEGA and Nintendo will collaborate on the projects using a new game system that will enable the arcade and console games to interact via “Memory Card 59.” The announcement builds off the previously announced alliance between SEGA and Nintendo on February 18, 2002 to develop the Triforce arcade board and reinforces the companies’ strategies to integrate arcade and home console entertainment. Under the agreement, SEGA and Nintendo will co-develop two new video game titles - “F-ZERO AC (working title)” for the arcade and “F-ZERO GC (working title)” for Nintendo GameCube. AMUSEMENT VISION, LTD, a SEGA Studio, will develop the “F-ZERO” games under the supervision of Nintendo. “F-ZERO AC (working title)” will be published by SEGA and “F-ZERO GC (working title)” will be published by Nintendo. “F-ZERO” titles will be unveiled at the Electronic Entertainment Expo (E3) and released in late 2002. The Triforce board and Nintendo GameCube are based on the same architecture, and they will be interfaced through the special peripheral, “Memory Card 59.” This joint project originated from AMUSEMENT VISION, which had a vision to create an arcade game that could interact with the Nintendo GameCube. SEGA and Nintendo have now come together to make this joint project a reality.
-- more --

About SEGA

SEGA® of America is the American arm of Tokyo, Japan-based SEGA Corporation, a $3.5 billion corporation by market capitalization, recognized as a worldwide leader in interactive entertainment both inside and outside the home. The company develops, publishes and distributes interactive entertainment software products for a variety of hardware platforms including PC, wireless devices, and those manufactured by Nintendo, Microsoft and Sony Computer Entertainment Inc. SEGA of America’s Web site is located at www.sega.com.

About Nintendo

As the worldwide leader and innovator in the creation of interactive entertainment, Nintendo Co. Ltd., of Kyoto, Japan, manufactures and markets hardware and software for its popular home video game systems. The systems include Game Boy®, Nintendo® 64, Game Boy® Advance and NINTENDO GAMECUBE™. Since the release of its first home video game system in 1983, Nintendo has sold more than 1.4 billion video games worldwide, creating enduring industry icons such as Mario™ and Donkey Kong® and launching such franchises as Zelda™ and Pokémon®. As a wholly owned subsidiary, Nintendo of America, Inc., based in Redmond, Wash., serves as headquarters for Nintendo’s operation in the Western Hemisphere.