SEGA has today announced the development of SEGA Mega Drive Ultimate Collection for the Xbox 360 and PS3. The compilation will feature the best first-party games from SEGA's 16-bit Mega Drive years, as well as bonus content from its 8-bit Master System and 1980's arcade era games library.

"SEGA Mega Drive Ultimate Collection is a must-have for any SEGA enthusiast," commented Gary Knight, European marketing director for SEGA Europe. "Fans will get a chance to relive fond memories from these classic games in HD format."

Over 40 games will be available in the compilation, including Sonic the Hedgehog 1, 2 and 3, Columns, Alien Storm, Ecco the Dolphin, Space Harrier, and Streets of Rage 1, 2 and 3. All games will also be playable in 720p with higher resolution graphics.

SEGA Mega Drive Ultimate Collection is scheduled for release on Xbox 360 and PS3 early in 2009.