Confirming an earlier report, both ToeJam & Earl and its sequel Panic on Funkotron are coming next to Sega's "Vintage Collection" on PlayStation 3 and Xbox 360. The games will hit PSN on November 6 for $4.99 each, and on Xbox Live Arcade as a bundle for $10 (800 MSP).
Joystiq confirmed the releases after European announcements were made. Sega doesn't show any signs of slowing down its classic re-releases, as just yesterday word leaked of three fighters making a come-back as well.