Namco Bandai Developing Next Smash Bros. Looks like a new team will be developing the next Smash Bros. project.

UPDATE: A few new details have been revealed regarding Super Smash Bros. for Wii U and 3DS. Tetsuya Akatsuka (the art and sound director for the SoulCalibur series) and the main development team from the Tekken series will be working on the project alongside Director Yoshito Higuchi (Tales of Vesperia) and Producer Kenya Kobayashi (Ridge Racer).

ORIGINAL STORY: It was revealed during today's Nintendo Direct Broadcast that Namco Bandai will be developing the next Super Smash Bros. games alongside Kid Icarus team Sora. The titles were previously announced for Wii U and 3DS. Series creator Masahiro Sakurai will still be heading up the project, which is normally developed by his HAL Laboratory team.
Yoshito Higuchi, who produced Tales of Vesperia, will be the games' director. Namco Bandai's Kenya Kobayashi (Ridge Racer) will be producing the titles. Stay tuned to IGN for all the latest.