Just rumored yesterday in a Gamasutra piece, it seems all but confirmed that we’re getting a new entry in the Fable series on XBLA. @lifelower just recently stumbled across a Marketplace link for the upcoming Fable Heroes, developed by Lionhead Studios. The gameplay looks reminiscent of cel-shaded games and the gameplay of a four-player co-op (online and off-line) hack-and-slash. There also looks to be mine cart levels, sprawling areas and board games to break up the action. It looks to be aimed at a more kid-friendly audience and will have unlocks for the upcoming Fable: The Journey for Kinect. Check out the screenshots and Marketplace description after the break in case this gets delisted. There’s rumors we’ll be hearing more about Fable Heroes sometime tomorrow as GDC begins and XBLA Fans will be there checking out the action.

Fable Heroes is a fresh spin on the beloved Fable franchise in which up to 4 players play both cooperatively and competitively in this hack-and-slash adventure. Work together as heroes of Albion to defeat familiar foes and new enemies while collecting as many gold coins as possible to unlock upgrades, characters, and items in both this game and Fable: The Journey for Kinect for Xbox 360.