The Initiative is likely making a Uncharted/Tomb Raider type game, imo. Phil stated that he wanted an Uncharted equivalent for Xbox, so it's not a surprise they picked Darell Gallagher to be the head, who was director for Tomb Raider reboot.
If that wasn't enough, The Initiative is picking up a lot of other former Crystal Dynamics devs as well:
https://www.vg247.com/2018/08/14/the-initiative-hires-red-dead-redemption-god-of-war-staff/
In that they also picked up the lead writer for the first Red Dead Redemption.
And just today, they picked up a former tecnical director for Rockstar: https://www.windowscentral.com/rockstar-games-technical-director-tom-shepherd-joins-microsofts-initiative-studio
Though the fact that they are still hiring say their game is not coming until 2022 at the very least, probably even further.
Bet with Intrinsic:
The Switch will outsell 3DS (based on VGchartz numbers), according to me, while Intrinsic thinks the opposite will hold true. One month avatar control for the loser's avatar.








