Is there a new IP in the works at Epic Games? A post on the career page of Epic's website reads “Epic Games is looking for Gameplay Programmers to join
the team currently working on Gears of War 3, as well as a new
unannounced IP in development.” Info is sparse for the new IP, images of artwork are, for now, out of the public view.
A new IP shouldn't come as a surprise to many, as Gears Of War is ending this September. So Epic has been trying to fill that role by creating new IP's such as Bulletstorm, which was a financial and critical success. Bulletstorm was a fresh off beat game that created moments of laughter and insanity in the same time. With the cliffhanger ending to Bulletstorm, you can expect to see it come back in the future.
My bet on what the new IP might look like was the first footage shown Epic's new Unreal engine. The breathtaking visuals and movie like presentation could make it's way to the console. Yes, most games are ported over to the consoles but the Unreal Engine has shown to look one of the best.