It reached its peak during the PS2 era before it went on hiatus after the lukewarm reception for Timesplitters: Future Perfect.
Well, now the Official Xbox Magazine (OXM) is reporting that they’ve seen Timesplitters 4 in action! Now, don’t get too excited yet, as they also say that even though their “trusted sources” have seen the elusive FPS being played that it’s far from being a foregone conclusion that it will see the light of day.
Free Radical is, of course, now known as Crytek UK.
In any case, treat this as a rumor for now; though if the game will indeed b announced, I’m guessing the logical timing for that would be at this year’s E3.
Source: OXM (via CVG)