More old news, but Mike D of Sword +1 has released his chanbara-inspired version of Swords & Wizardry. Called Ruins & Ronin, it's available either in print or PDF form from Lulu.com.
I saw early drafts of the rules and I was very impressed with them. What I particularly liked was that no attempt had been made to create a historically accurate set of rules. Ruins & Ronin bears about as much connection to real Japanese history and culture as OD&D does to medieval European history and culture -- and I think that's just swell. What you get is an old school Japanese "flavored" fantasy RPG, where bujin, shugenja, and sohei all meet in the local tea house to plan their expedition into the ruins of Katsushiro's Castle.
If that sounds awesome to you, go ahead and grab yourself a copy.