Well, I don’t really know how to softly break this to you but I assume you know if you read the headline. Yes kids, the worst (IMO) 3rd party peripheral maker has gained the license to produce controllers for numerous upcoming Capcom games. In the past HORI has been the company to go to in regards to fighting sticks, so it will be interesting to see if Mad Catz can find a way to make a good product and not mess this one up. Most die hard Street Fighter players enjoy using joysticks over controllers, so we’ll see if they transition to this company. Luckily HORI still has a PS3 fighting stick out there that is still available. Press release below.

SAN DIEGO - (Business Wire) Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has secured a license from Capcom®, a leading worldwide developer and publisher of videogames, to produce branded controllers and accessories based on the Street Fighter® IV, Bionic Commando® and Resident Evil® 5 videogame properties. The agreement gives Mad Catz North American and European rights to a range of accessories for all current videogame platforms, including the PC.

“We are excited to partner with Capcom to create branded controllers and accessories based on three of the videogame industry’s most popular and enduring franchises,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We look forward to offering unique and exciting accessories to fans of these games, as we continue to grow and diversify what we believe to be the industry’s leading portfolio of branded videogame accessories.”

“This is a real collaboration between Mad Catz and Capcom,” said Germaine Gioia, senior vice president, licensing, Capcom. “We are developing a broad variety of game peripherals for a wide game-playing audience — from the casual to the most loyal, core fan. These innovative peripherals will maximize the overall experience that comes from playing Capcom games.”