Climax Group forges ahead with its next generation game - Avalon, a multi-vehicle shooter with a unique and original twist. Taking advantage of the next generation consoles’ advanced multiplayer capabilities, Avalon is a game, truly epic in scale that will allow gamers to come together online for spectacular showdowns.

Bethesda Softworks today announced that The Elder Scrolls IV: Oblivion is currently in development for PC and future generation consoles (PS3 & Xbox 2). In development since 2002, Oblivion is another leap forward in role-playing with its combination of freeform gameplay and cutting-edge graphics.

KOEI, Kou Shibusawa Production, and Kurosawa Production join forces to bring to fruition the film Oni (working title), based on a script by the late director Akira Kurosawa.

Climax today confirmed that work is well underway on its premiere next generation game. Developed under the codename Avalon, this impressive new game is to be produced at the company's celebrated Brighton Studio and will debut on the eagerly-awaited PlayStation 3 and Xbox 2.

Another part of the PlayStation 3 jigsaw puzzle slotted into place today, as Sony announced a partnership with Elpida Memory to supply the Rambus-based memory technology for the console. Japanese firm Elpida is a subsidiary of NEC and Hitachi, and specialises (as the name suggests) in various RAM technologies. The chips it will be supply for Sony are based on the Rambus Yellowstone technology.

Japanese media reported on May 6th that the PS3 console is in development. The goal is to make new processor technology, called "grid" about 200x faster than current console technology. This is almost achieving their original goal of making the PS3 1000(!) times faster than the PS2. This goal was publicly set by Mr Okamoto, the Senior VP and Chief Technical Officer of Sony Computer Entertainment, at the 2002 Game Developers Conference in San Jose, California. Full story over at PSR!