What is this?
...is this the new Code Geass?

i highly doubt it
it may be a parody i just dont know of what

Nope, Sideswipe is right. This is the "new" Code Geass, taking place in the Edo period of Japan (Guy's name in the middle is Renya; some characters will re-eappear, e.g. C.C.).

http://www.animenewsnetwork.com/news/2009-12-07/code-geass/shikkoku-no-renya-manga-to-launch-in-2010

First a manga. New footage will be out on BD/DVD on April 23rd.

http://www.animenewsnetwork.com/news/2010-01-08/new-code-geass-project-latest-footage-on-april-bd/dvd

really?i was expecting lelouch reaveling himself as the carriage driver c.c rides with in the last episode.
*sigh* i guess this will be okay

This is a big one. How about using spoiler tags? It's not that hard.

"New footage will be out on BD/DVD on April 23rd"

Which might not have anything to do with the manga referenced above, for all we know, as it could turn out to be yet another story.

That's what I meant "First" a manga (which the pic refers to) and then new, upcoming footage about about a different project.
Quote: "According to producer Yoshitaka Kawaguchi, the new project will feature the simultaneous releases of comic series, music, new items under development, and visual works. The first phase of the "New Code Geass Project" is CG: Shikkoku no Renya manga".

If you had read the 2 articles I linked to, you would have known about it and could have saved your breath.