Despite poor sales of Tony Hawk: Ride and Tony Hawk: Shred, Activision are working on a new title in the Tony Hawk franchise that will be released next year.
The news was confirmed by Tony Hawk himself, as he said: "We're right in the middle of making a whole new plan right now. We're going to do something probably for next year but I can't give too much away."
The decision to take a year off suggests that Activision are going back to the drawing board with the franchise. Typically, we've seen a Tony Hawk game every year.
Source: Pixelated Geek