Jason Rubin and Andrew Gavin, who founded Naughty Dog are making a comeback with Monkey Gods. According to the description on the website Monkey Gods are "focused on development and distribution of games for social networks, the IPhone, and game consoles including Xbox 360, PlayStation 3, and Nintendo Wii."
The first game is a iPhone conversion of puzzle game Snodd with a facebook version also on the way. The second title Monkwerks is currently beta testing on facebook and is described as a new twist on word-jumble games. Doesn't exactly sound like a new Crash Bandicoot or Jak & Daxter, but we are sure Monkey Gods have more plans in store for us.
Check out the official website