No, not that Raiden. Raiden IV, the top down scrolling shmup released in Japan for the Xbox 360 last year is headed to North America, courtesy of publisher UFO Interactive.
The publisher has confirmed to 1UP (and does a new ESRB rating) that the most recent entry in the long-running Raiden shooter series will grace these shores in August. With Raiden Fighters Aces just recently released by publisher Valcon for the Xbox 360, this will be a very Raiden year.
If you're new to the Raiden series, make sure to pick up the budget priced compilation prior to Raiden IV's domestic release, so you can be up to speed on the series deep story, which tells the tale of thousands of things being shot by jets and explosions happening.