Sniper Ghost Warrior developer City Interactive has announced a new game: Alien Fear.
It's a downloadable PlayStation Network and Xbox Live Arcade FPS made using Unreal Engine 3. It's sci-fi, and is described by CI as arcade style, with a focus on close quarters, run and gun shooting.
You play an elite commando who shoots aliens. There's mention of co-op, but little else.
Concept art is below