After much hype and speculation are promising a big announcement in July foregoing the chance to appear at this year's E3.

Last year Bungie signed a 10-year publishing deal with on a brand new IP that they have been working on after parting ways with the and the series upon completion of Halo: Reach.

Bungie's Eric Osborne wrote on Bungie's blog: "A significant amount of my time is also now being dedicated to other upcoming endeavors that wont make a splash on the front page until Bungie Day [July 7] closes in around us. Unfortunately, that means there are just too many balls in the air for me to juggle without letting a few fall to the ground. More explicit details about those balls in the weeks ahead."

It is widely believed that their new title is an epic and Activision must have a lot of faith in the concept in order to tie the developer down for a decade.

By Ewan Aiton