I read something online confirming that it had a 2010 release. But I can't seem to find that article anymore.
Anyway, I think that SNK should release this game here and at a budget price. They're not doing that well anyway, so they might as well release some "quick buck" projects and at the same time make us fighting game fans happy.
If they release a US version then they better add in a lot more modes, the game was already very unbalanced especially with the hidden characters and cheap bosses playable, and there was very little to offer other than a Survival and gallery mode as extras.
I own the Japanese and PAL version and they were more or less the same, with little no no extra modes, just Arcade, VS, and Survival, and a Gallery mode, with little to nothing extra to offer. Not worth the money and time I sacrificed for it.
What if they did though. I think if they actually do make a SVC chaos 2 they should make it w/ King of Fighters XI graphics, and add characters people are more familiar with. And they should put a storyline and a few more characters, stages, and better music. I believe SNK can do it if they take their time. Characters i would like to see: Capcom Side
Karin Kanzuki (SFA3) Kairi (street fighter ex3) Dee Jay El Fuerte (Street Fighter 4) Rose Zangief E.Honda Blanka C.Viper (Street Fighter4) Birdie
Malin (KOF 2003) K' Jhun Hoon Ramon Chizuru Daimon Hinako Elizabeth (KOF XI) Ryuji Yamazaki Benimaru Nikaido