What is 'Resident Evil: Revival Selection'?

UPDATE - Thursday, March 24th, 9.42am: Various Famitsu readers have received their copies and confirmed that the previously reported details surrounding Resident Evil: Revival Selection are correct. The game will release on both PlayStation 3 and Xbox 360, and it includes "HD remastered" versions of both Resident Evil: Code: Veronica Director's Cut and Resident Evil 4. Also confirmed is that Resident Evil 4's "Separate Ways" scenario will be included. No extra details are currently available.

Original story follows:

A number of gaming news outlets (including VG247 and IGN) have reported the existence of a PlayStation 3 and Xbox 360 title by the name of "Resident Evil: Revival Selection".

A four-page spread on the game is said to feature in this week's issue of weekly Japanese gaming publication Famitsu, and Japanese blogs claim that the game consists either of ports or HD remakes of Resident Evil 4 and Resident Evil: Code Veronica.

Of course, we have to place this one firmly on the rumour pile for the time being, but stay tuned. We'll keep a close eye on this development.