It has been a while since we heard anything from Activision's Soldier of Fortune franchise, but that is all about to change. Making its first appearance since Soldier of Fortune II: Double Helix back in 2002, SoF: Pay Back will also make its next-gen console debut. Whether Raven Soft will once again make limbs fly all over our screen was not revealed, so hopefully more will become clear in a few weeks time at E3. As it stands now, Soldier of Fortune: Pay Back is scheduled for a November release, but that is most likely to change (thanks Robert).
Our inside source confirmed that SoF: Pay Back is indeed in development, although not by Raven Soft but rather by Activision's internal studio, responsible for the Cabela's titles.
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Soldier Of Fortune: Pay Back: Activision Confirms SoF3, Rumors Abound - Kotaku