Here is something interesting. According to this report at MSXBox the Unreal2 project that Legend Entertainment is working on is actually a game being called internally "Unreal Championship". All of the recent focus on the multiplayer aspects of the game that seemed like a reasonable assumption.

But rumors say that they are developing a game called Unreal Championship, that will emphasize multiplayer gaming ala Unreal Tournament. Legend has only confirmed that they're working on an Xbox title.

If there is any truth to this, I would put my money on the XBox version of Unreal2 being Unreal Championship is all. Especially taking into considering that Epic is known to be working on a title called Unreal Warfare that is most likely focused on multiplayer itself. It would seem silly to have 2 products on your own technology competing in the same market. However I thought green stretch pants were silly but I was prancing around town in them just a few months ago.