At Blue Fes: Spring Raid 2010, Arc System works announced a release date for BlazBlue: Continuum Shift. Japan gets it on July 1. Yes, there will be a limited edition.
The console release has a number of features like the node capturing legion mode from BlazBlue Portable, lessons for beginners in tutorial mode, and hundreds of challenges for experts. BlazBlue: Continuum Shift also has three new characters Hazama, Tsubaki Yayoi, and μ-12 who was made just for consoles.
Aksys has not announced a release date for BlazBlue: Continuum Shift at this time.