This comes off as a pleasent surprise, apparently IGN tells us that at TGS capcom confirmed that the they are including an offline split screen co-op mode in the game as well.
They also have their own hands on with the game at the event which can also be reached via the link below.
Source : IGN
Capcom refers to the offline co-op play as, appropriately-enough, "Offline Co-op Mode." This mode delivers the same co-op experience as offered by the online co-op mode, only with two local players controlling the action in split screen.
Source : IGN
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