Paradox Interactive announces Hollowpoint, a co-op action-packed tactical RPG set in the 22nd century that's shooting for release on Windows and PlayStation 4 in the 21st century (specifically 2015). The news is accompanied by a Gamescom announcement trailer showing off gameplay, and the following description:

Hollowpoint puts players in charge of secretive Organizations of corporate mercenaries, taking on missions for pay and prestige alongside three other players in online co-op. Developed by Ruffian Games, the team behind Crackdown 2, Hollowpoint brings classic 2D side-scrolling action into the next generation with seamless 3D targeting into stages’ backgrounds. Hollowpoint features:

• Old School Meets Near-future: Hollowpoint is played in a blend of traditional 2D side-scrolling action with 3D targeting, challenging players to take down enemies in front of them as well as in the background of their surroundings
• Plan and Execute: Each mission is procedurally generated along with objectives, level layouts, and events, requiring a mix of strategic planning and skillful action to complete – no mission is merely “routine”
• Organisation, Corporation, and Cooperation: Team up with friends via Steam or PSN and take on contracts together, handling your personal Operatives to succeed – or fail – together
• Upgrade and Adapt: Earn experience and skill points to upgrade Operatives, and outfit them with the right abilities, weapons, and equipment for the job