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So, interesting things happen when games come out of Russia... ok, that's a lie. Generally speaking very bad things happen when games come out of Russia. Namely horrendous translations and terrible graphics. But I'll make an exception for these guys since the website actually has readable english. (yeah fuck you kotaku, I saw this first!)
Oni Blade, which is only a slightly better name than "Main Heroine" which she seems to be referred to a lot on the main site, is the titular character of the game (although in a remarkable move of constraint she's not too titular). Weilding dual gun blades as well as a considerable amount of magic she'll be shooting and hacking away through the main game. Her main points seem to be low-tech nariko hair...
... and an ass to stare at. (Yes, apparently belt and thong is the way to go for all fashion conscious girls these days) But I can forgive that, it is Russia afterall.
What actually makes this game fairly interesting is the platform it's coming to. Not surprisingly since this is a Russian game it's hitting the PC, and as we all know the PC hasn't had a decent third person combat heavy action game since, well, Oni. Add in some RPG elements, not only do you level up your skills as a warrior or sorceress, but from time to time you can assume the form of a Dark or Light beast which will affect the ending of the game (I'm guessing if you become the dark beast, you don't get the happy ending), a pretty amazing looking game engine, especially given the fairly low specs they're targetting and this could be a game to watch for next year.
There's some pretty screenshots in the spoiler but you should probably have a look at the gameplay trailers over at gametrailers here and here. Higher res versions are available from the main site, but take an age to download