Previously announced as a 2011 title, Joystiq learned today that Project Draco, the Grounding Inc. Kinect project "inspired" by Panzer Dragoon, will actually be released in 2012. We can also reveal that the title is much more than inspired by Team Andromeda's seminal on-rails shooter. Straight up: Project Draco is basically Panzer Dragoon Kinect.

We'll have our full hands-on impressions up soon.