From the press release:
"We are thrilled to finally be able to announce Mega Man Universe", said Kenji Inafune, Head of Research and Development Management for Capcom Entertainment. "This game will break the mold and challenge the conventional wisdom of what a Mega Man game can be. When fans finally get to see it, I believe they’ll envision their most far-out Mega Man dreams coming true."
The announcement video gives hint that, instead of just swapping between abilities taken from Robot Masters, Mega Man may be able to glean abilities from a bevy of characters from the Capcom universe.