
Ikkitousen: Shining Dragon was slapped with an M rating by the ESRB, a decision that ultimately let to the game being canceled. The ESRB justified their rating in the following statement:
All the female characters are dressed in short skirts or skirts with a high slit. The game features frequent depictions of panties, cleavage, and exaggerated breast jiggle. A special attack move allows some characters to rip opponents’ clothes to shreds - exposing even more of the female anatomy (legs, breasts, partial buttocks).
Based off of a popular anime, Ikkitousen's signature is the ripping of clothing during fights, a signature that publisher Valcon Games wished to preserve.
“We could remove all the stuff that makes it an M-rated game, but then we don’t think the customers would be very happy buying an Ikki Tousen game without all the shredded clothing.”
Valcon Games felt they wouldn't be able to get the distribution they desired with an M rating and have decided instead to cancel the game's North American release for the PS2.

For another take on this news and a little slideshow of images, check out this related article from our Sex and Relationships Examiner.