Alan Wake: American Nightmare has been announced for the Xbox 360 on the SpikeTV Video Game Awards. The trailer wasn't very revealing, but it looks as good as the first game, despite being downloadable. It also looks like it could be episodic. Check it out.
Side note: I first wrote the title as Anal Wake: American Nightmare. Luckily, I caught it. I was, however, tempted to leave it for lulz.