The game was announced by the Icelandic company in 2009, but it is only this year that they has really started to release details on the project.
Dust 514 will be a first-person shooter game that is supposed to tie in heavily with EVE Online, and will also be integrated with Move, Playstation Home and the NGP
A closed Beta is due at the end of this year, with a release window set for Spring 2012.