Mike Capps: No Gears of War 3 until NEXT gen.

[Vetteman94]

CGI-Quality said:
Guys, I think this was debunked as a misunderstanding.....

http://xbox360.ign.com/articles/102/1028443p1.html

Ah, now that is good news.  Get crackin Epic, I want me some new Gears or War