This has been talked about for a little while now, I thought someone else would have made a topic on it. Here's some text that I wrote about it before:
December 24th 2011: So yeah a company called SuperBot Entertainment are working on this game, it's supposed to be a Playstation version of Super Smash Bros. and I am extremely excited for it, especially since the Smash bros. game I own is the on for 64. Been trying to find more and more information about it, but I still end up with the same info I already know.
A lot of the news has been coming from the Paul Gale Network.
Here's his updated FAQ on the game
Gameplay controls for the game
Here's the page where people submit their ideas for the game to Paul, I guess he'll try to mention them to the company, but you have to be a user to post anything. Try to look for me on that page, my name is Dude-Man, I only signed up to share my ideas
Screenshots of the game being worked on
The confirmed characters are:
Kratos-God Of War
Fat Princess-Fat Princess
Parappa The Rapper-Parappa The Rapper
Sweet Tooth-Twisted Metal
Jak and Daxter-Jak and Daxter
Sly Cooper-Sly Cooper
I believe these are characters other people think should be in the game:
Ratchet and Clank-Ratchet and Clank
Turo and Kuro-Playstation Mascots, I think
James Bond-James Bond (Given consideration by the company due to Sony having his new movie rights)
Crash Bandicoot-Crash Bandicoot
Spyro the Dragon-Spyro
Scorpion-Mortal Kombat (Teased by Ed Boon on twitter)
Dante-Devil May Cry
Snake-Metal Gear Solid
Kevin Butler-Playstation 3 Commercial Guy
Raziel-Legacy Of Kain
And so on...
Sandover Village-Jak and Daxter
The Bridge of Asylia-Lair
I really hope Raziel, Sora, and Scorpion make the cut. And I kind of expect Sonic and Snake to be in this game since they were in Brawl, but I might be wrong. And although I've never played Dead Space, I can picture Isaac in this. The only problem I see with this game is that a lot of sony characters use guns, and a few of them, like Crash, Spyro, and Sly Cooper, have very little attacks in their own games.
April 3rd 2012: So there is FINALLY more news on this game, it will be made playable at E3 this year, I hope. The name currently being considered for it is:
PlayStation All-Stars Battle Royale
from what I've seen online. Check out Paul Gales latest post on Title Fight!
April 11th 2012: So yeah there has been rumor about this for some time now, Paul says this game has been in the works since 2010. But what are your opinion on this game? Do you have any Ideas for it?