One of the things we're announcing in the next few weeks is a big deal with a big company. We're going to do games that are going to be technically and narratively very interesting. It's not a development deal. We're going to do it. We're doing them. And we're going to announce it soon enough.
My eyes perk up reading over the 'narratively interesting,' largely because, as much as I liked and enjoyed Boom Blox, it was not exactly what I was expecting when there was a furor over Spielberg's game directing debut.
MTV Multiplayer posits that it could be a game based around The Hobbit, in which he has expressed an interest. Seeing as he has yet to announce with which company he'll be working, we're left a little in the dark, but should have more news soon.