It is rumored that Microsoft is preparing a brand new installment in the Project Gotham series as a launch title for the Next Xbox.

Sources say that a number of former Bizarre Creations and Criterion developers are working on the title at the new Liverpool studio, Lucid Games. The project is apparently to be based on an upgraded version of existing PGR code.

The source also believes that other Bizarre devs, with a number of former Studio Liverpool staff, have joined with MotorStorm creators, Evolution Studios, to create a new racing IP that is planned to be a PS4 launch title.