The original Time Cruise was in development for the PC-Engine but was cancelled/evolved into Time Cruise II. I have some pics in magazines of the original Time Cruise, and it looks way different. I'll try to post some pics when I can.
You're wrong.
Time Cruise II came out before Time Cruise I, duh.
The reason Time Cruise II has a copyright date of 1991 and Time Cruise is dated 1992 is because the developers at FACE originally released Time Cruise in 1992. After doing so, they thought how cool it would be to have a sequel that actually came out before the original game seeing as how this was, well, Time Cruise.
So they went back in time to 1991 and released Time Cruise II. There was another planned sequel, Time Cruise III (these are the screenshots you speak of), that was actually scheduled for 1989 but there was a problem.
The head honchos at FACE in 1989 were of a different mind than those who were running the show in '91 and '92 and weren't as keen on the whole time travel idea. In fact, they weren't big pinball fans at all. You see, the problem with traveling backwards in time with corporate schemes in mind is that no one is aware of your plans when you show up. Long story short, the CEO at FACE in '89 thought these guys were full of shit and told them to get lost. He had, after all, never met them before in his life. The disgruntled group managed to show some screenshots to other game houses at the time in hopes someone else might pick them up. Some of these shots made their way to a gaming magazine and were promoted as the upcoming game "Time Cruise" since the *real* "Time Cruise" and "Time Cruise II" hadn't actually been created yet, even though they had.
Nothing ever came of the proposed Time Cruise III. The developers ended up joining Pack-In Video to replace the team that was fired for creating Deep Blue.