May be Transformers related game.

Bleszinski left Epic for 'a fresh start,' considering new IP | Joystiq

It should come as no surprise that Bleszinski is working on something – famous game designer has idea for video game. When asked who his favorite Transformers character is, Bleszinski says Bluestreak, but notes later his name was changed to Silverstreak, "which is the codename of a new IP I'm gestating on slowly."

 

I wonder why they even bring it up?

 

I look it like this.

Companies in the industry work on other companies IP so they can bring out the games they want to develop. He is going to need start up for his new Studio. Why not work on a established property and create a NEW IP doing so in the process. This guy is one of the most talented developers in the world. And his framework on the unreal engine is why we even have the great games War for Cybertron and Fall Of Cybertron.

I could think of no better developer to tackle the Transformers Brand then Cliffy B.

 

Yyyyeahhh, no. Sorry.

 

It'd be really ironic though if "Bluestreak" did turn out to be a new TF shooter. Lots of people right away compared WFC to Gears of War, both being TPS's. As I recall, a few even accused HMS of ripping off Gears.

Undoubtedly the same people, or people like them, would accuse Cliffy B of ripping off WFC/FOC, which ripped off Gears?  

 

Without real proof, there's no news here. It's like people have said, it's a codename. Besides, the current Hasbro / Activision partnership seems healthy, I don't see Hasbro ditching that any time soon.