The downloadable collection features five of Sega's classic games made for the model2 arcade unit, including Virtua Fighter 2, Fighting Vipers, Sonic the Fighters, Virtua On and Virtua Striker.
Though it is called a collection, it appears that Sega plans to release each game individually for 800 MS Points (roughly £6.80 or $10) as a largely unaltered arcade port.
Online play and achievement/trophy support will be added, but otherwise the games will be identical to their original arcade versions.
Virtua Fighter 2, Fighting Vipers and Sonic the Fighters will be available before the end of 2012 in Japan, with the other two titles arriving later in early 2013.
Ratings recently leaked for the arcade fighting games, hinting that the games will see release outside of Japan. No release has been confirmed for North America or Europe at this time.
Watch the Sega Model2 Collection trailer below: