It would appear that the makers of the beloved and long since released Medievil franchise have an, as yet, unannounced game that they are working on... Could this be the sequel to the series making the leap to the PS3?
It is just speculation at this point but the studio has been recruiting staff recently and this seems to be tied with a PS3 game that is in development. Since the studio is known for their making of the Medievil games it would not be a huge leap of faith to assume that this could be the series making a comeback.
Here's hoping that something is announced soon since, personally, i loved the Medievil games