I'm actually surprised no one has opened up a thread in here (to my knowledge) about this game...
Anyway, the game's called Kane and Lynch: Dead Men. Due out sometime in Q4 of 2007 it comes from the makers of the Hitman series - Io Interactive and Edios. It will be a 3 platform title hitting the PC, Xbox 360, and the PS3 simultaneously and as of right now it's a Rating Pending but I totally guarantee you this is some M rated stuff here.
In short the game is about two guys on death row who are about to be executed: Kane an ex-mercenary who's regarded as a traitor and Lynch a schizophrenic who may or may not have murdered his wife. As both men approach their executions they're kidnapped by a group of mercenaries called The Seven. The Seven then makes them offers they can't refuse and thus sends the two reluctantly off together to carry out missions and tasks.
It seems that though the player for the most part will take over the role of Kane but supposedly a big part of this game is squad-based gameplay where you'll be ordering other team members around while sometimes accompanied by Lynch (who can be taken control of by another player via co-op mode). Yet - your team will not always listen to you and do what you say....supposedly sometimes other members and Lynch included will have their own different tasks and missions apart from yours and thus will leave you if they have to.
Some of the nice gameplay stuff I've read from the game include massively improved ballistic, cover, and AI mechanics from such titles as Hitman along with new mechanics like totally destructible environments, automatic cover (press up against it and character will take cover), the crowd mechanic that we've all seen in the upcoming Assassin's Creed, blind fire vs aim, and a new health system similar to what we've come to see as being all the rage these days - basically the Call of Duty 2 health system.
Io says that this game, unlike the Hitman series, will center more around developing characters and sticking to a well scripted and enjoyable story/plot (yeah!) as well.
So far the game looks amazingly pretty...what I've seen so far is a Tokyo skyline mission and a Tokyo disco night club but both rival any of the massive and detailed environments of Blood Money.
I can't wait for this game! Now that I've started looking at it it certainly has jumped up there in terms of being on my top 5 most anticipated future games list....
Here are some links to 2 trailers and a gameplay movie:
Official Trailer 1
Official Trailer 2
Official Gameplay Video