Here's your new Mega Man, aka "Aki Light."
Deadline reports: "Aimed at kids 6 to 9, as well as parents who grew up playing the video games, the series will follow Mega Man’s newly-introduced alter-ego, Aki Light, a normal, upbeat, schoolboy robot who, when activated, re-forms into a suit of impenetrable armor. Other characters from the games and new characters, including Mega Mini, will also be featured."
So there you have it: Mega Man's going to school under an alter ego. Looks like those early notes stuck!
UPDATE: Capcom Unity offers even more plot details:
The new animated Mega Man series will follow Aki Light – a normal, upbeat, and above all optimistic young school-aged robot living in Silicon City. He soon learns that deep within his programming are secret protocols that allow him to transform – giving him nanocore armor, a Mega Buster, and the iconic helmet to turn him into a superhero – Mega Man!
Promising exciting new technologies and new robots, the series will follow the adventures and trials of Aki Light – a.k.a. Mega Man – as he faces off against threats to Silicon City, while trying to keep his superhero identity a secret and maintain a normal robot schoolkid life.
UPDATE: IGN has revealed "Mega Mini" - a small companion who emerges from Mega Man's helmet.
The new animated series is currently slated to air sometime in 2017 to coincide with the franchise's 30th anniversary. More details as it comes!