You would be kidding yourself if you thought Soul Calibur V's overt display of sexuality wasn't anything more than an attempt by the game's developer—Project Soul—to pander to adolescent gamers, or to "provide fanservice," to use the appropriate nomenclature.
Japanese gamers, who've had a chance to get their hands on the game weeks before their American and European counterparts, have taken screenshots of the game's character designer. The designer allows players to create their own characters with various outfits and attire at their disposal.
A Japanese gamer reveals that the character editor comes with numerous sexy outfits—some of which can be seen in the image collage attached to this post—which range from silk nightgowns and bikinis to dominatrix leather outfits.
One might pause to ask: what are these outfits doing in a fighting game?