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I just happen to find this on Kotaku,

http://kotaku.com/gaming/rumor/sony-backing-new-jaffe-studio-283011.php

"I haven't been able to completely nail it down, but I have multiple sources confirming several aspects of Jaffe's big announcement. The tip of the iceberg is that Jaffe is forming a new studio with Sony Computer Entertainment of America's backing and that the studio will, among other things, develop Playstation Network titles. This new studio will be mainly peopled by the team that worked with him on Calling All Cars. I suspect, though no one has confirmed this, that the games he works on will lean very heavily toward episodic titles."