They are making a new Time Splitter. I know very little about the games, but i played 2 on the Gamecube at my friends house once and it was fun.
Acording to news, it may be Wii exclusive, but this trailer tells me that it will likely be on the 360 as well. We DO know, however, that it will be on the Wii with online multiplayer.
http://www.youtube.com/watch?v=09S-i0r1IBc (http://www.youtube.com/watch?v=09S-i0r1IBc)
That's good to hear.
I love the Time Splitter multiplayer and one of the few FPS that I truly enjoyed playing.
I never owned any of the games, so I'll probably pick this one up.