It's being rumoured that Ged Talbot, the lead designer of Blur and several Project Gotham Racing games is working alongside a few other ex-Bizarre members at Evolution Studios on a new Next Gen racing game for the Sony.
Apparently some of the former Studio Liverpool team are also working on the game, which the rumour from stfuandplay?says will be similar in style to PGR. Apparently the team did want to make the new game part of the Gran Turismo series (much like MS have done with Forza Horizon) but Japan declined this offer.
In related news, it's also being rumoured that Guerrilla Games new next gen title will be revealed alongside the above racing title at Sony's 'See the Future' event on February 20.
The above is all speculation of course. But if true it would not only see a game come to frutition from some of the most talented racing game developers around, but would also allow us a glimpse as to what the very talented Guerrilla Games is up to next.