Turbine’s Craig Alexander confirmed during his keynote at GDC Austin that the firm is currently at work on a console MMO.
The VP of project development revealed that it has been in-house for a year and a half and the staff is working to release it on PS3 and Xbox 360.
There are also plans to develop one for Wii in the future.
So far, over 20 million dollars has been spent on the title, and while still mum on what exactly it entails, the targeted release date is early 2011.
During his speech, Alexander stated his opinion on console MMOs, and went so far as to claim PC versions of the genre will be surpassed by the console versions.