VersusCity.net is reporting that an upgraded version of BlazBlue: Continuum Shift featuring Valkenhayn R Hellsing (scheduled to be the second downloadable character for the console version) will be available at the 48th Amusement Show in Japan. It is currently titled Continuum Shift II. Although it is not confirmed, it seems logical that Makoto, the first downloadable character added to the console version, will also be in this version. More news on this game is likely to come out of the AOU show which takes place from September 9th through 11th.
A few screenshots and the new logo for the arcade version Continuum Shift 2 have also been released.