VASUM, an unreleased Mega Drive game:

This one was announced as "Dando" at the Tokyo Toy Show of 1990. It's
a hack-and-slash action game verrrrrrrrrrrrrrrrrrrrrrrry reminiscent of Legendary
Axe on the PCE/TG-16. It's no surprise, as this game was developed by the same
company as Legendary Axe (and Astyanax, another Axe clone):Aicom*.
Both Axe and Astyanax were directed and designed by Tokuhiro Takemori, and I
suspect Vasum was too.
Anyway, the scanned article above doesn't say anything interesting. You have your usual medieval action-RPG, allowing you to level-up your character, use magic, etc. The player walks around an overhead map, and when he enters a town or an action scene, the game changes to a side-view. It looks like a colourful game, so it's a shame it was never released.
GAIARES, looking slightly different:
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