The original game, a Wii exclusive published by SEGA, was released on June 23, 2009 to average reviews and mediocre sales. It was rumored that High Voltage would port The Conduit to the Xbox 360 and/or PlayStation 3, but that never happened.
The feature talks about character classes and player upgrades as well as expanded multiplayer and co-operative options.
With the reveal of Conduit 2 in Nintendo Power, Wii exclusivity is still likely. The issue should be on the way to subscribers and magazine stands now. SEGA will be publishing the sequel, with more details, including an official announcement, likely imminent.