That would require any sort of intelligence or competence or something beyond bare naked greed to come up with something like that.
It looks like a spin off to the original MMX, a weird side-story/prequel, or DLC; all for the phone version of the game. I'm pretty darn sure that's Storm Eagle in panels 2 and 3 on the right. :-\ Either way...the hell?
It's much more 'reusing art assets while only making one or two new designs period so that we can sell under a dead brand for the moniez' than anything else.
Yes, that's Storm Eagle. Yes, you get to fight him. No, it will be as a touchscreen driven RPG instead of action/platformer. No, there will be no platforming whatsoever. No, this game will not be better than even a Newgrounds flash game.
Based on those screen shots, your options at any given time will be A) Shoot and B) Defensive Maneuver with the occasional C) Special Attack.
If I haven't said it enough yet, Crapcom can go fuck itself in Hell with this Piece of Shit.