Though a recent system update that was supposed to fix previously reported issues released, gamers (including those in the IGN offices) have still experienced reoccurring freezing issues during cutscenes which render the game unplayable.
IGN received an official response from Microsoft regarding the issue:
"Microsoft is aware of the issues that players are experiencing with the title update to "Ninja Gaiden II" and are currently working to resolve them with Tecmo/Team Ninja. Please stay tuned for a new update. We thank you for your patience!"