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Itagaki's new game revealed: Devil's Third

THQ to publish Ninja Gaiden boss's creation on 360 and PS3

Ninja Gaiden creator Tomonobu Itagaki has taken the wraps off his new project - and it's a third person action title for 360 and PS3.

Devil's Third will be released on Xbox 360 and PS3 - but is yet to recieve a release date.

The title has been created by ex-Tecmo exec Itagaki's new studio, Valhalla.

"In the past, I created four unique games - Dead Or Alive, Ninja Gaiden, DOA Xtreme and NG Dragon Sword," said the designer. "Thus, this announcement will be the fifth all-new project of my lifetime."

He commented that details of the game will be coming 'soon' - we're expecting E3 'soon' - and added: "My heart pounds with anticipation every time I make this announcements. It's not something I can get used to - complacency is never an option for me."

Here's the trailer (via GameVideos):

Itagaki, who found critical acclaim with the Ninja Gaiden series, finally settled with former publisher Tecmo Koei in February after a long legal battle.

The developer sued his former employees for "unpaid completion bonuses" related to Dead or Alive 4.