Oskari Häkkinen, head of franchise development for the Finnish developer, confirmed that a slice of the team is crafting “this next Wake installment,” which is neither sequel nor DLC.
After the Leaked Information Remedy released this press Statement:
Fans of the franchise will be excited to learn that yes, more Wake is coming! But to be absolutely certain to avoid confusion, this next Wake installment will not be Alan Wake 2. But neither will it be DLC. The rest we’re saving for our official announcement.
They have given a Fall 2011 estimate for the release. So I guess we will see more of it at E3.