Haha, I remember this game. I never really played it that much since I hate these types of motion-controlled games, after awhile my arms start to get annoyed and cramped. I want to say that it got an overseas release, but I don't remember.
Konami also has a game that uses a more advanced version of that technology called (I think) Mocap Sports. I thought it was bloody awful when I played it, but I think that the technology definitely has potential.
Anyway, best arcade game now is MUSIC GUN GUN! I've become somewhat addicted to it, despite having such a strange premise. I guess I like the song selection, the remixes of oldskool Taito songs are amazing, and the game actually lets you set the volume! Goddamn, that's a feature that should be standard with all music games!