PC.IGN.Com's Red Faction preview is online after getting a chance to check the upcoming shooter at the THQ booth at ECTS. Here's a portion of what they have to say:

The game will be comprised of 20 action-heavy levels, but they won’t be as detached from one another as Quake III or Unreal Tournament. Instead, Red Faction favors a much more story-driven plot and a continuous flow like Half-Life. In Red Faction, you’ll assume the role of a miner for the Ultor Corporation on Mars. While you’re stationed on the red planet, a mysterious plague breaks out in the mining camp and it’s up to you and a few other rebellious miners to rise up against Ultor security and find out exactly what’s happening.