Microsoft has registered a game named Crimson Dragon on the Korean Games Rating Board. Since publishers make a regular habit of registering names that never amount to anything, XBLA Fans is stuffing this one into the rumor bin for the time being. That being said, another Microsoft-published XBLA game was just outed in a similar manner, so Crimson Dragon may yet prove to be an actual release.

There isn’t much to go on at this time as far as the game’s particulars, but a rough translation reveals that a “flying dragon quest” is part of the equation, which comes as no surprise given the title.

Sources: @lifelower and Korean Game Ratings Board