Australia's Classification Board had previously outed Burnout Crash as a multiplatform title that's on the way. Upon being nudged by Joystiq to provide further insight, the following synopsis was given by the board.
"An action arcade style game set in the fictional world of Crash City. The aim of the game is to cause as much damage as possible to traffic and buildings by crashing a car into them."
So, it's essentially what we all guessed based on the name. We still aren't sure if Criterion is developing, or which Crash mode the game will be modeled after -- Burnout Paradise's, the one from prior games (yes!), or something altogether new. But, it's Burnout, so they have me by the wallet yet again.