In Spy Fiction, the main characters are Billy Bishop and Sheila Crawford, who are top-notch agents in a secret intelligence organization called SEA. Their enemy is speculated to be a terrorist who has been behind a number of international terrorist attacks. Not much of the actual gameplay is known as of yet, but a number of screenshots show that the game is reminiscent of Konami's Metal Gear Solid series. The main character is also equipped with a high-tech camouflage suit that allows the player to become transparent while holding still.

Spy Fiction is currently 45 percent complete and is scheduled for release in the winter of 2003.