TopWare Interactive unveils Raven's Cry, a pirate game in development at Octane Games for release in Q2 of 2012. The initial announcement is pretty sparse, but they are showing off the game at E3 this week, so we should expect more details shortly. In the meantime, here is the entire press release, which is oddly titled "Raven’s Cry: A pirate world without censorship":

TopWare Interactive and Octane Games will be releasing a game that finally doesn’t paint pirates as the funny and playful ones we have to come to accept in pop-culture, but rather the ruthless and blood thirsty portrayal of historical relevance. With the announcement of the release of TopWare’s next big title, Raven’s Cry, even real pirate fans will be shaking in their buckled boots.
The 17th century Caribbean unfortunately will not be starring a quirky, yet devilishly handsome and incredibly famous actor portraying the pirate life, but a man who fights with his own demons and morals, with only the memory of his butchered family to propel him into his destiny among the seas.

Raven’s Cry will offer players three different styles of gameplay, from 3rd person hack n’ slash, to helming a full-fledged pirate ship into battle, or navigating your way through the harsh waters on the world map.