He didn't give any specifics away during his brief on-stage announcement, but he's told IGN the project will be an entirely new BioShock game made from scratch.
We didn't expect a lazy port from the guys and girls at Irrational, but it's nice to get confirmation that the PS Vita release won't be a BioShock 1, 2 or Infinite remake anyway.
"It's a different project," said Levine. "It's its own thing being built from the ground up.
"That is going to be strange and surprising to people. I think we always want to surprise people. If I'm just saying 'here's BioShock 1 on Vita', that's something we could potentially do, but you don't need us to do that. Somebody [else] can make that happen."
Levine would only add: "It's a core game."
Check out the brilliant new BioShock Infinite gameplay trailer here.