After months of speculation, Electronic Arts has finally announced that The World is Not Enough, a game based on the recent James Bond movie of the same name, is currently in development using the Quake III Arena engine. Today they issued a press release stating that they had licensed the engine for the previously announced American McGee's Alice, TWINE, and also additional games, "that wiill be announced at a later date." Here's an excerpt from the full press release with info on James Bond:

About Bond, James Bond... The World is Not Enough

EA previously announced it secured an exclusive long-term licensing agreement with MGM Interactive and Danjaq, LLC to bring Secret Agent James Bond to the interactive entertainment market. The first Bond title to come out of this deal will be based on the 1999 blockbuster film, The World is Not Enough. The game will deliver an action-packed, spy-inspired adventure true to the James Bond legacy, when it is released in late 2000. More information on the movie can be found on the official James Bond web site from MGM (NYSE: MGM) at http://www.jamesbond.com.