Edge magazine has revealed that Microsoft first-party developer Rare has been working on an entirely new IP release on Xbox Live Arcade. For the past few months there have been many rumors of an Xbox Live Arcade game in development at Rare; however, all previous rumors had assumed that Rare would be digging into [url=http://en.wikipedia.org/wiki/List_of_Rare_Ltd._games]their massive back catalog[/url]. There are no known details of the game other than Lead Graphical Software Engineer Nick Burton is heading the team of 11.

Interesting enough, everyone seems to have missed this fact when Nick Burton himself announced it in this [url=http://on10.net/Blogs/paulfo/rare-tour-and-xna-workshop/]on10.net video of the XNA Game Studio Express launch event in the UK[/url]. It will be interesting to see if there is any link between Rare's involvement in this event and this upcoming arcade release.

Thanks goes to jc and DualCore for the heads up on the Edge Magazine article.