Three Fields Entertainment's spiritual successor to Burnout will be based specifically on Burnout 3: Takedown.
The studio, made up of former Criterion developers, tweeted that the game, code-named "Shiny Red Something," will succeed "the third one."
Such a direction would indicate the open-world driving of Burnout Paradise will not be making a return.
The as-yet undated "Shiny Red Something" will be developed for new-gen consoles and PC, and may support PlayStation VR and the Oculus Rift.
#ShinyRedSomething will be the spiritual successor to "the third one."— Official TFE (@3FieldsEnt) October 8, 2015