It's called Ratchet & Clank: Into the Nexus and it's "coming soon" to the PlayStation 3. Judging by the announcement trailer posted above, it looks like Insomniac is quite far along in development, so it's safe to say the game will be out by its promised holiday release window.
Right now the game is planned only for PS3, so Vita owners hoping for a handheld version may be out of luck, especially when considering how troubled the release of Full Frontal Assault was for the portable. Fortunately, this new game won't break the bank, and will priced at just $29.99.
Are you excited for more Ratchet & Clank? Let us know in the comments below.