I saw KOF Neowave, and it looked exactly like the rest of the neogeo titles!! I really do hope the character graphics and backgrounds evolve over the next few years....seems pointless to move to a system like atomisware and pump out the same games they had been earlier. I guess this switch really was done to detour bootlegers and rom kiddies more than anything.
I also saw a hack I'm assuming, it was called "KOF Special Edition 2004", by "dragon corp" i think it was. I don't really follow these games enough to know which KOF it was a hack of, but I'd be interested in finding out more about it (ie whats diff about it).