Here's the scoop over at Capcom Unity:
Famitsu recently revealed Monster Hunter Dynamic Hunting for iPhone users in Japan. It brings in a new play style, utilizing the touch screen controls. You'll use two fingers with varing motions to control your hunter in one on one battles with some of the icon monsters of the series, like good ol' Kut-ku. The game is slated to release this June in Japan
and here is some video!