Killer Instinct Season 3 featuring Battletoads. Hints at new game?

It was announced at the Gamescom convention this week that Season 3 of Killer Instinct will be coming to Xbox One and Windows 10 in March 2016. To tide players over in the meantime, Microsoft released a new playable fighter that can be downloaded right now.

Rash from the Battletoads series makes his unexpected way into the hardcore fighting game and the results are about as awesome as you’d expect. Rash retains his original sense of humor and punk attitude which brings a welcome breath of fresh air into Killer Instinct.

Rash’s availability is limited unfortunately. Players can only select the Battletoad as a fighter during this initial test period which runs until September 8.  Also, only those players who had previously purchased some type of Killer Instinct content or own Rare Replay will be able to currently play as Rash.

Back in November 2014 Microsoft filed for a new Battletoads trademark and there was widespread speculation across the internet of a possible new game in the series. In January of this year during a Windows 10 event, head of Xbox, Phil Spencer, was caught wearing a Battletoads shirt only further promoting speculations of a new game. A few months after this, at the Game Developers Conference this year, Microsoft also teased fans with Battletoads content for the very popular game Shovel Knight which came out for Xbox One back in April.

Keeping all of this in mind while looking at this new Killer Instinct update and even the release of Rare Replay, Microsoft seems to be doing a lot of promotion for the Battletoads series. Is a new game in the works, and if so could this be our first look at what the characters could look like?