Excitebike: World Rally, to give the game its full name, will feature the series in it's classic 2D view, with similar gameplay mechanics. It will have a fully featured Track Editor, Multiple Control options, and most importantly, will allow for online play. Most surprising of all is that the game will be out in the Us in less than a fortnight, on November 9th. Be sure to check out the first footage of the game below.
Thanks to C3 member wAyNe - sTaRT for the tip.