With news about Dead Space 3 starting to pile up we can only assume that the game is in development over at EA's Visceral Games. Most recently Siliconera reported details about the setting and story of the unannounced game.
Dead Space 3 is set on Tau Volantis, an icy planet where Isaac Clarke has to wade through white-out blizzard conditions.
Early in Dead Space 3, Isaac crash lands on the planet. He believes he may be the only survivor and makes his way to an abandoned waystation, which he uses for shelter from the snowstorm. There he finds a survivor who is severely injured. Isaac speaks to the near dead comrade who reveals there are other survivors that trekked off to another facility. One of them is Ellie, a key character from the original Dead Space game. Isaac grabs a snowsuit and heads into the blizzard.
Later in the game, Isaac reunites with Ellie and a new character named Jennifer. The trio scale a mountain, but Jennifer is reluctant to do so. She's a tech type excited over finding a codex and plans to reverse engineer research by a group called Rosetta to gain access to it. As they climb up the mountain, they hear a howl from below, but cannot spot what kind of creature made the sound.
The enemies in Dead Space 3 are being referred to as "the hive mind."
Siliconera doesn't confirm the source, but claims it is the same source that came up with early (pre-announcement) information on Syndicate. Remains to be seen if these claims are also true, but the idea of a Dead Space on a frozen planet is certainly captivating.