Developer Just Add Water have been beavering away on a new title, referred to cryptically as Project V, for some time now, the studio today hinting that the game will be an old-school style retro shooter.

According to VG247, the new JAW game will be a exclusive and is being crafted with Sony's aid, with a full unveiling at E3 hinted.

"It's first-party for Sony, so we can't talk about it too much, but it's a retro shooting game," revealed boss Stewart Gilray.

"It's for and PSP," he continued, revealing that has been underway for over a year now.

More on this new downloadable as we get it.

By Luke Guttridge