British gaming publication PSM3 Sony are preparing to make a formal announcement of Killzone 3 in the next few months. It has previously been speculated that it would be revealed at E3, and perhaps that is still the case. Rumours that Guerrilla Games have been working on Killzone 3 ever since Killzone 2 came out in February last year has been floating around.
Let's hope there is truth to these rumours...