Revenge of the Wounded Dragons, teased by the ESRB late last week, was officially unveiled by A2M’s Wanako Studios today as an old-school arcade beat em’ up.

This “old-fashion arcade” game has the hero running after his sister, who’s been kidnapped by the local mafia of China. Enemies, weapons, bosses, and power-ups are just some of the things that will come in your path through twenty-four levels of gameplay. There’s a cooperative mode too that lets you play with a friend through the story or competitive modes with various mini-games.

The game’s also doing what other PlayStation 3 titles should by including custom soundtracks and screen capture trhough the XMB.

Revenge of the Wounded Dragons launches this Thursday for $9.99.

Coming to PSN this Week: Revenge of the Wounded Dragons [PlayStation.Blog]