Square Enix announces Dungeon Siege 3, a continuation of the action/RPG franchise launched by Gas Powered Games, and though a third installment in the series was first hinted at almost exactly two years ago by Chris Taylor of Gas Powered Games, development of the sequel is actually being handled by Obsidian Entertainment (with "input" from GPG). This will bring the Dungeon Siege series to consoles for the first time, and will also include cooperative multiplayer support, though no projected release date is offered at this time. Here are some screenshots, and here's the feature list:

• For the first time, play DUNGEON SIEGE on high-def consoles
• Players will be able to adventure by themselves or with friends in co-op multiplayer
• Uncover a deep story that only Square Enix and Obsidian Entertainment can deliver
• Pick from unique and highly customizable character classes with a wide range of abilities to choose from
• Recruit companions with unique personalities, abilities and views on the world around them
• Players will have weighty decisions to make that will impact their alliances, enemies and the culmination of the story