Earlier this year, Activision cancelled True Crime: Hong Kong, the third installment of the True Crime series. Those who wanted to see the game live now put their hopes in Square Enix, who bought the rights for True Crime: Hong Kong.

United Front Games is working on the project, just like they were when Activision has the rights. Now the project is being managed through Square Enix London. Though, Square Enix did not require the rights to the True Crime name, so it will be under a different name when Square officially announces it, with possibly a few gameplay changes.

“Our team has worked very hard to find a solution where everybody wins. Square Enix gets the benefit of the tremendous investment we’ve made in the game thus far. UFG gets to stay together and complete their vision. And gamers get to play a great game. We couldn’t be more thrilled,” was the statement from Activision Publishing CEO Eric Hirshberg.

True Crime: Hong Kong was originally scheduled for a PlayStation 3, Xbox 360, and PC release. We do not know if this will still be true under Square’s vision. Square Enix also did not announce a possible release window for the game.

Are you guys as excited as we are about the release. Let us know down in the comments, or e-mail us at GamerTonic@yahoo.com.