Kind of hoping so as well... speaking of story, the bios for each of the characters revealed so far are up. Here's where we are.
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The War between the Mishima Zaibatsu and G Corp is finally over as G Corp has taken over the world thanks in no large part to Kazuya and his brutal tactics. After killing off Heihachi, the Zaibatsu was left rudderless and G Corp swept in and blew them out of the water. Kazuya and G Corp now rule the world with an iron fist... Jin and Lars are teaming up to begin a plan they call 'Operation Lightning', which would eliminate Kazuya once and for all. BTW, during that time, Lars formed a new military force called Yggdrasil to provide enough firepower to win the day. What Jun's role in all this is unknown because all they have on her is basic knowledge of her past.
In order to reach Kazuya though, Jin and Lars are going to have to get past two of G Corp's biggest threats: Nina Williams and Jack-8. Nina, once working with the Zaibatsu, left after failing to get Jin during the events of Tekken 7. She was then recruited by Kazuya to join G Corp and name commander of their army. Jack-8 is the latest prototype of the Jack series, still made by Jane after all these years. This model has a vastly improved AI system then Jack-7, making it a far deadlier threat.
As for the others...
Paul: He entered the last tournament hoping to get that sweet, sweet prize money... but the tournament got suspended after Heihachi's disappearance (read: death). This meant that Paul only got a little bit of the prize money and... now it's gone.
Law: Thanks to the crushing debt that came via his son's motorcycle accident, his dojo became neglected and students left. He was hoping to find a teacher to help keep the dojo afloat, but all negotiations ended with total failure. Now to throw salt/battery acid/lemon juice to this gaping wound, Law's dojo was repossessed as collateral.
King: An active pro wrestler who also runs an orphanage on the side, the war between the Zaibatsu and G Corp has created a massive swell in orphans around the world. In order to get the money needed to help them all, King is going to have to go all out in this tournament.
Xiaoyu: First and foremost, they finally let the cat of the bag here... she has feelings for Jin (about damn time they admitted it, too). She sneaked into the Zaibatsu hoping to find information on Jin. She's searched all over the world, finding clues here and there... but it's been six months and nothing - no leads and possibly no hope left. But, she goes on trying to find Jin and find out what she wants to know about him.