David Jaffe's new company Eat, Sleep, and Play has revealed that they have been working on one of the three exclusive titles alongside the Twisted Metal: Head On port they have been working on fo the PS2. While details won't be given for a long time, David had this to say:

"...the new game is medium to hardcore in terms of game play and will focus heavily on multiplayer...I am more excited about this game than anything I have ever worked on. I cannot wait to unveil it."

Twisted Metal PS3. Twisted Metal PS3. Twisted Metal PS3.

And if not, something awesomer will also suffice. Time will only tell.