It's very likely real, though as far as the Kinect mode goes, it could go a number of ways. I've seen Rise of Nightmares incorporate punching alright, but there are plenty of ways it could go bad. Also I don't believe Namco Bandai has released a game for the Kinect yet so they are a tad inexperienced with it.
i hope this game will be made for real. it could be really good!
hope this one will be good