Sega of Japan issued a press release today (1/24 in Japan), commenting on various "Dreamcast is Dead" reports that circulated yesterday through news sources in Japan and America. The press release at long last confirms a few of those countless stories that we've been asked by Sega of America to treat as nothing more than rumors.

The release confirms three specific things being planned by Sega as part of the company's New Management Strategy first announced on October 27th of last year:

1. A structural reformation of Dreamcast manufacturing, sales and distribution is being planned. However, the company will still be continuing its Dreamcast business with a focus on software. Over 100 titles are planned for this year (see this story for a partial list of some newly announced DC games).

2. Sega is currently in negotiations to supply software for PS2 and Game Boy Advance.

3. Sega is continuing to pursue the installation of the Dreamcast architecture in PCs, Set top boxes and various other electronic devices.

Keep in mind that this information is not from a news site - it's taken directly off of Sega of Japan's website as a translation of a press release issued by the company. The release specifically mentions Game Boy Advance and PS2, rather than mentioning "Home Electronics Devices" as previous releases have. That said, keep in mind that Sega has yet to confirm development for either system - just negotiations.

We expect further comments from Sega of America tomorrow.

-- Anoop Gantayat, Contributor

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