Time Crisis was briefly teased during Sony's press conference, and more details have now been revealed about the upcoming game, including the game's official name.
The game has been named Time Crisis: Razing Storm and it will be a PS3 exclusive title that will fully utilise PlayStation Move. It will feature a standard story mode, and a mode where players can actually control their character.
It will also include Time Crisis 4 and Deadstorm Pirates, so it's essentially three games in one - definitely a sweet deal.
Source: GameSpot AU