Getting my head around this one is tough since it seems to come from Americans and not the Japanese. Namco High is an upcoming dating sim with Namco characters written by the creator of Homestuck. It's creation comes from the ShiftyLook site of webcomics based on Namco games, it wasn't the biggest leap, still to make a love sim it's quite farfetched.
The game isn't free to play, right now you can pre-order it with all the bells and whistles for $14.95.
It has a dream team of indie comic artist working on it, but to what capacity who knows?
What I'd like is if Namco Bandai could make decent games again or someone could import their arcade games to somewhere in LA.