Lionhead could possibly make a new IP reveal at E3 this year, according to a tweet written by a Swansea Metropolitan University student.
Andrew Lindsay, animation director for the studio, was giving a presentation at the school and showed the students animations from an unannounced IP.
He also mentioned that the first game in a new franchise would be revealed at E3.
Peter Molyneux stated in a previous interview with Gamespot that the developer is “almost ready to start showing the world what happens when you feel safe about experimenting and inventing and prototyping, and that can lead to some pretty amazing things and we’ve got some amazing things in our pocket.”
Peter also hinted we would hear what this entails "very soon".
Come on E3.