Valkyria Chronicles, known in Japan as Valkyria of the Battlefield, is set in a fictitious continent reminiscent of 1930s Europe - divided in two and ruled by the Empire and the Federation. The game follows a hero named Welkin and his fellow soldiers of the Federation’s 7th Platoon as they engage in a series of epic battles.

If you could help end world hunger, save endangered species or reverse global warming by having fun playing a game online, would you do it? Glupod gives you a variety of real-world causes to choose from and enables you to convert their in-game winnings into actual help for that cause.

Silent Hill 5 is a psychological horror game thrusting players into a shadowy world of chaos and terror with atmospheric HD graphics, an all-new iconic and chilling soundtrack by Akira Yamaoka, and an original storyline that sheds new light on the desolate, fog-shrouded town of Silent Hill.

Alone in the Dark returns with a heart-stopping survival experience realized through combining the use of real-time physics and environmental interaction to deliver an exhilarating action-orientated experience within a highly detailed, open environment.

Xtreme Duck Hunting is a 3D game with duck and wild boar hunting, target objects, animated landscapes and many weapons.

Sony Computer Entertainment Inc. (SCEI) announced that Phil Harrison, President of Sony Computer Entertainment Worldwide Studios (SCE WWS) will resign Feb. 29, 2008. Kazuo Hirai, President and Group CEO of SCEI, will immediately assume responsibilities as president of SCE WWS, in addition to his current duties.

Set 20 years after the events of its predecessor, Star Ocean 2 also receives the full remake treatment aboard the PSP system. The title takes the next step with fully animated movies, all-new character designs, extra playable characters, fully voiced dialogue, and more.

Incubation Venture Partners announces that it is in the process of forming its first fund with qualified accredited investors, the Azcatl Seed Capital Fund I, a potential $20 million dollar venture capital fund to finance development of original creative properties, including video games, toys, television and graphic novels.

In Namco's latest RPG, Tales Of Rebirth, a port from the previously released 2004 PS2 version, you will play as a swordsman in a world called Callegeia, featuring 2D sprites, skits and cooking.

After industry rumors of Viacom planning to buy Take-Two for $1.5 billion, Electronic Arts has opened up its coffers and made a $2 billion cash offer for the company, which is best known for its Grand Theft Auto series. The Take-Two board turned down the deal as "unsolicited proposal as inadequate," so EA made the announcement in an attempt to sway Take-Two's shareholders.

UPDATE: We have included the conversational letters between Take Two's Strauss Zelnick and EA's CEO John Riccitiello.