First of all, I warn you that this rumor will probably create false hopes among some of you, but it is my duty to report the news anyway. RPGWatch reports that Ubisoft Shangai is looking for a developer for a RPG project. The game is being developed for PS3, Xbox 360, PC and Mac. The full job posting can be found here. What are the odds of this game being a part of the Might and Magic franchise? I won't be betting on that, sorry.

In unrelated news, RPGWatch also has the news that Arkane Studios (developer of the Dark Messiah singleplayer) is working on Bioshock 2: "Under the direction and leadership of 2K Marin, Arkane is assisting in the creation of levels that embody the aesthetic and gameplay ideals that make BioShock such a unique and exciting experience." Good for them!