I'm surprised at how good this game is looking, details here:

http://www.bizarrecreations.com/news.php?id=14246

Bit like Time Splitters with Kudos, but then what do you expect when the developers of PGR3 get working on a third-person shooter.  IGN say there's also 16-player online, including death match and team-based variations.

According to a lot of release dates, end of June 2007 before we can get our mitts on this one.