The original Xbox version was released in September 2004, and was developed by Microsoft Game Studios.
The new Xbox One remake will once again be handled by Microsoft Game Studios, with Ken Lobb overseeing development.
Lobb recently oversaw the Xbox One remake of Killer Instinct, and stated during Microsoft's E3 conference that he was so happy with the results he wanted to re-imagine another classic game.
In late May, a European trademark application for "Phantom Dust" was attributed to Microsoft, indicating a potential second coming of the cult classic Xbox title.
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