Well, I'm actually glad to hear Ousawa's working on this. Most of the news concerning LO has been pretty much a bummer for me.
By the way, has anyone seen any of the original art Inoue produced for LO? 'Cuase that picture doesn't look even SLIGHTLY like it's been derived from his work. The face, the armor, the seemingly misproportioned body, nothing like what I would expect from him.