An interview in the VIP lounge of Nintendo of Europe's website, requiring users to register via a pin number acquired by purchasing a Nintendo product, Ubisoft Senior Project Coordinator Stephanie Langlois breaks the news. "Online will maybe one day be announced by Nintendo but it won't be for the launch [of Red Steel]. In terms of gameplay I can't reveal anything really but what I can say is that internally we are making tons of tests," she said to the website.
Just a few days ago, 1UP reported on a rumor alleging that third parties had not yet received the development tools needed to implement online gaming into their launch-targeted releases, which the aforementioned statement appears to verify. Apparently they're leaving the option open for a post-release patch, but if Red Steel's successful, we imagine it will become sequel material.