VG247 has reported that Crystal Dynamics, best known for their work on the Legacy of Kain series, Gex, and the revival of the beloved Tomb Raider franchise, is working on a new IP for Xbox Live Arcade. While we don’t have a single morsel of detail on the game in question, rumors state that the game will be announced this year. It is worth noting that Crystal Dynamics has worked on XBLA before, releasing the acclaimed Lara Croft & the Guardian of Light in 2010. Stay tuned for more news and updates on this exciting project as the story continues to break.

Source: VG247