[Update - 7:09 PM] Sega has confirmed to Shacknews that Vanquish is still scheduled for a "late 2010 release in the US".
Resident Evil creator Shinji Mikami's Vanquish will be released on October 21 in Japan on the PS3 and Xbox 360, according to the latest issue of Japanese gaming magazine Famitsu (via Kotaku).
The singleplayer only third-person shooter is full of flair and fast-action, as seen in this E3 2010 trailer.
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The game will be released outside of Japan, but no release date has been announced. The game is scheduled to be released in the US this winter. Shacknews has contacted Sega for more information, but no response was available at the time of publishing.