Newsbrief: Takeyasu Sawaki, best known for his design work on Okami, Devil May Cry and El Shaddai: Ascension of the Metatron, has secured the IP rights to the El Shaddai name.
As translated by Kotaku, Sawaki's studio Crim has bought the IP from publisher Ignition Entertainment, giving Crim the rights to create a new El Shaddai title.
He's working on using the IP in other ways -- he's been doing art books etc.