A new Project Gotham Racing game is in development for the next Xbox according to rumours this morning.
STFUandPlay's reporting that the new game is in development at new studio Lucid Games, a studio consisting of former Criterion and Bizarre Creations staff. Project Gotham 5 has been tipped as an Xbox 720 launch title.
If the above is true then it could mean that both next-gen consoles will have a high profile racing game ready at launch.
We love the PGR series, so we certainly wouldn't be complaining.