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No, they didn't.
Something by the name of Ikaruga appeared on Partnernet for a fucking day. There was no content whatsoever, of any kind, under that entry. Just a name. Partnernet has given birth to too many rumours to trust this shit based on that.
They HAVE said they WANT to work on the arcade, but have not announced anything, be it original content or a port.
This false information needs to be stopped. I am sick of seeing it.
What the arcade IS getting is a port of Trigger Heart Exelica, which is top down, and Omega Five, something original from Hudson and Natsume, which is horizontal.
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That and developers aren't retarded. They know the value of Ikaruga (I paid 30 bucks for it used last month) and that simply re-releasing the game would net vastly more profit. Those who never got a copy of the game would be able to finally get it. This is like saying Chrono Trigger is being released on the Wii's Virtual Console. Shut up.
Jam it back in, in the dark.