No, for serious. According to early leaks from this month's Famitsu issue, it's called Okamiden and it's being made for the DS, scheduled for Japanese release sometime next year. Obviously Clover is no more, but there's no indication if any of the original creators over at Platinum are involved with the development. I can't imagine that split going well, and Kamiya was busy with Bayonetta until just recently, so it seems unlikely.
Still, Capcom apparently is willing to give it a second chance even after it was a miserable commerical failure, so that's interesting at the very least.