Ubisoft sends along a press release, announcing that they have signed a deal with TimeSplitters developer Free Radical Design. Free Radical is made up of many former Rare employees who worked on the original Perfect Dark and GoldenEye for the Nintendo 64. The untitled action game will be released during Ubi's 2006-2007 fiscal year, on PC and next-gen console systems. The only bit of info on the game is this:

Targeting mature gamers, it will feature difficult strategic choices and moral dilemmas, tapping into both their rational and emotional instincts.