Unfortunately Mega Man Universe has been cancelled in development by Capcom. The Xbox 360 and Playstation 3 formats had been scheduled for spring 2011.
The official website has listed ‘various circumstances’ as the problem. The Mega Man Universe was to be the upcoming 2.5D action platformer game in the Mega Man series. Mainly based on Mega Man 2, the game would allow players to create their own levels and customise characters.