Is dead or alive 5 coming out

It probbaly won't happen. Itkigai quit Team Ninja a year ago and said that he'll sue Team Ninja if they tried to make a new Dead or Alive game. My guess is that unless Team Ninja re-hires Itkigai back, we probbaly won't be seeing another Dead or Alive game in the future.

(wrong) september 14th 2011 new was realeased that there will be a dead or alive 5 realeased somtime in 2012 check it out on youtube