It’s SS2T with HD sprites.
Click these links or die!
http://www.gamekult.com/images/ME0000818214/
http://www.gamekult.com/images/ME0000818215/
http://www.gamekult.com/images/ME0000818216/ <–This is the money shot.
If you keep clicking the next button, there are also some orgasmic screenshots of the new megaman.
There is a short write up available on joystick here:
And for those of you who don’t like to click links, The remade sprites make GG look like shit.