Insomniac Games has announced what he describes as a new game at PAX 2012, going by the name of 'Fuse'.
President and CEO of Insomniac Games announced the game during a keynote speech at PAX 2012. During the keynote Price also revealed the first new image (above) for Fuse and the game's website.
Doing some searching around the internet though suggests that Fuse isn't so new after all, but in fact appears to be the brand new name for Overstrike, which Insomniac announced during an EA press conference last year.
At the moment the game's website contains a countdown timer that expires 11 days away in September and some funky blurry background art. Note that just above the countdown timer in the right hand corner it says 'OVERSTRIKE DATA NODE.'
Game Informer also confirms that Fuse is in fact a reworking over Overstrike.