Rumors of Street Fighter II coming to Microsoft’s Xbox Live Arcade first hit in January; according to reports at the time, the game was supposed to hit the service early this year. Finally, on August 2, Street Fighter II’ Hyper Fighting will be available for 800 Microsoft Marketplace Points, approximately $10. The game, of course, will offer a host of online features and achievements, along with the typical leaderboard functionality. Quick match or custom match online game selection will be available, along with a new “quarter match.” The quarter match mode will simulate the old days of gaming back when Street Fighter II dominated the arcades; virtual “quarters” are used to determine who will fight the winner of each match. Hopefully, the time spent leading up to the release will have been used effectively to reduce lag and gamers will be transported back to the days when they actually had to be in the same room as their opponent.