Well, here we go: Kojima's new project is Metal Gear Solid: Rising, which will featuring Raiden as the main character. With the tagline of "Lightning Bolt Action," we now have the start of the Metal Gear franchise on the Xbox 360. That's all the word Kojima had to say as he came onto the stage to speak to the Microsoft panel crowd.
So, no, it's not Metal Gear Solid 4 on the Xbox 360.
[Update: Press release after the jump. Also, G4 has confirmed that Metal Gear Solid: Rising will NOT be an Xbox 360 exclusive.]
El Segundo, Calif. - June 1, 2009 - Konami Digital Entertainment, Inc., announced today that Metal Gear Solid: Rising is currently in development for the Xbox 360® video game and entertainment system from Microsoft - the first Metal Gear Solid game to launch on the Xbox 360®. Raiden, one of the most popular characters in the Metal Gear Solid universe, will star in the all-new title from Hideo Kojima. Raiden first debuted in Metal Gear Solid 2: Sons of Liberty PlayStation®2 computer entertainment system as a playable character and appeared as a non-playable cyborg in Metal Gear Solid 4: Guns of the Patriots for the PLAYSTATION®3 computer entertainment system.
"The Metal Gear Solid series is one of the most highly acclaimed video game franchises of all time," said Anthony Crouts, Vice President of Marketing for Konami Digital Entertainment, Inc. "With Metal Gear Solid: Rising, the Xbox 360 community will finally get a chance to enjoy the action and excitement that this popular franchise is known to offer."
Metal Gear Solid: Rising is scheduled to be released on the Xbox 360® video game and entertainment system. For more information on Konami, please visit: http://www.konami.com.