Waiting for characters to be announced is so 2011, you guys. Nowadays, hackers figure out a game's roster by themselves, using nothing but a demo and sheer willpower. According to neoGAF user Sectus, alternate costume data mined from the Dead or Alive 5 demo has revealed the fighter's entire character list.
Every character from Dead or Alive 4 supposedly returns, along with series newcomers Mila and Rig, and Virtua Fighter veterans Sarah Bryant and Pai Chan. Each character also has around 6 costumes, assuming this all checks out, of course. Jump past the break for the complete list of uncovered characters.