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Here is a look at an upcoming three way collaboration between Nike and two well known Japanese companies/brands, fragment design and UNDERCOVER. Some would call this a dream collaboration being able to unite Hiroshi Fujiwara and Jun Takahashi alongside Nike, add the fact that there are only three different colors of the collaboration shoe and that they will only be released at UNDERCOVER stores in Japan as well as the Nike Sportswear Tokyo store makes them that much more hard to get when they are released on January 3rd, 2009. Although we are not sure of the name of the shoe, it seems to be a new vulcanized model that features a simple and basic upper. The logos of fragment design and UNDERCOVER Jun Takahashi are emblazoned across the midsole of the shoe. The three colors being released on January 3rd include Black, Off White, and Navy. via Jun Takahashi

More photos after the jump…