Seems PS3 has a new exclusive!

http://playstation.systemlink.me/2011/04/aaa-game-adrift-now-ps3-exclusive.html

being published by Sony and has been in development for quite a few years apparently.

Known supposed info:
Disc release with 2012 release.
Futuristic gothic punk atmosphere.
Action adventure with RPG elements.

There are apparnetly concept art pictures:

Looks like a bunch of games mashed into one from the concept art o.O

But it looks pretty cool if these are accurate! If character models are on par with GOW3 (mostly Kratos rather then the creatures) then this could be a stunner in terms of art direction.

Seems like those concepts are just that for various games.
Anyhow, Dotnod, the devs, are attending e3:

http://ps3.nowgamer.com/news/5894/ps3-exclusive-aaa-action-rpg-to-debut-at-e3

So what we know is the following:
-The game has been shown behind closed doors at past events.
-The game will run on the Unreal Engine 3.
-Developers are ex-Criterion and ex-Ubisoft.

This should be revealed in a few hours.

Nice finally find out wtf this is

Despite rumours that Adrift would be a PS3 exclusive and revealed at Gamescom this year, Dontnod has finally revealed details of its upcoming console game.

Adrift - currently a working title - is set in a dystopian future where thoughts and memories can be digitally distributed. The game, we're told, is intended to be a 'simple extension of the development of social networking and geolocation at the beginning of the 21st century.'

Speaking with Herve Bonin at Dontnod, the production director told us "Adrift is 50 per cent complete. You will be hearing more from us in the near guture. Right now we're focusing on revealing the art and vision."

Continuing, Bonin said "With games like BioShock, there was a vision but it was the gameplay that received criticisms. We want to hit this focus now, then discuss gameplay when we're confident."

Describing the gameplay, however, Bonin told us "It will be a linear, driven experience, with lots of combat, light exploration and puzzle elements. We're now wrapping our vision around it."

Little else is known about Adrift at the moment, but at least we now know that the game will be coming to both PS3 and Xbox 360 and is due for an Autumn 2012 release. Dontnod has yet to confirm a publisher.

Have a look at these gorgeous concept art screens, or check out Dontnod's Adrift announcement trailer below.

Either someone got the info about this being published by Sony really wrong or Sony is not longer involved (possible similar case to LA Noire).

That said, game still looks interesting, but I am disappointing to read this part about a linear experience with little exploration: thought this was an action RPG. Either way, want to see more.