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New Alan Wake not yet signed?

MS exec Phil Spencer reckons so.

Fancy a bit more Alan Wake action? You might have to wait a bit - Microsoft executive Phil Spencer reckons the next instalment has yet to find a publisher.

Spencer was speaking to Joystiq about reports of a new Alan Wake project. "I read that," he said. "I don't know that they've signed it with anybody."

The first Alan Wake game was released last year. According to Spencer it "didn't sell as well" as Microsoft would have liked. However, he added, "I'd love to work with Remedy again. We have ongoing conversations with them."

But are they about that new Alan offering? "I think the stuff they're doing now they wanted to... Incubate internally," he stated. "Like I said, I don't think they've signed it with anybody."

Just last month Remedy's head of franchise development, Osari Hakkinen, told Eurogamer that "more Wake is coming". However, he added, "This next Wake instalment will not be Alan Wake 2. And neither will it be DLC."

Hakkinen hinted that autumn 2011 would be a good guess when it came to a release date. If that's still the case, though, bit odd there's been so sign of the project at E3.