"The third game in the series will be a third-person open-world one, a departure from the first person perspective used in the first two games. Set fifty years after the events of the first Red Faction, Guerilla has you playing as an insurgent fighting against the oppressive Earth Defense Force, destroying everything in your path as you make your way across Mars.

"Red Faction: Guerrilla expands the signature destruction elements of the series and pushes the boundaries of next-gen gaming on..."

"During today's THQ conference call, CEO Brian Farrell confirmed that a new Red Faction is currently in development.

Nothing else was said. No release date, console, or development team. Although I think it is safe to assume we won't be seeing it until late next year, on Xbox 360 and PS3 and developed by the same team who developed Red Faction and Red Faction II."