Red Faction III announced by THQ
The first Red Faction was one of the few FPS games last generation that was console-exclusive to PS2. This was made even more interesting by the fact that the game was well-known for its physics and destructible environs. The sequel saw release on all of the last gen systems, and the third game looks to be on the way to 360 and the PS3. Announced last week, Red Faction III is being developed by Volition Inc, (the developers of the first games, as well as Saints Row) and published by THQ.
Not much is known about the title at this time. Whether the story will be continued, how current-gen tech will be utilized, etc, is all up in the air. Though we were teased with the idea that the tech will allow for "More exciting destruction technology," the only other real facts taken from the announcement were the news that the game is running (albeit in early form) and that THQ's target release date is April of 2009.