Before snk-capcom.com died, there was a sticky thread on there with the webmaster or site owner or whatever claiming that SNK would study the thread on what the fans wanted for SVC2. The thread grew to a large amount of pages but now its not there anymore, so I guess SVC2 is something we shouldn't expect.
However, for SNKP to redeem themselves for the unfinished job that was SVC, they would have to redo the sprites and stay away from KOF style sprites, which most likely WON'T happen, so at least make the game very bright and colorful so the capcom dickriders will at least look at the game and maybe some will play it.
And of course BALANCE the roster and have a bigger and more diverse one.
Take out that guard cancel front step garbage and not make the game such a fireball fest.
But I seriously doubt this will ever get released, and plus Capcom being total pricks to Playmore doesn't help the situation.