Formerly known as Free Radical (the guys behind the eccentric Timesplitter games), Crytek UK's boss Karl Hilton has been saying since last year that they were working on an original shooter IP - could this be it?
There's a conspicuous lack of guns in the logo, that of a red man holding his fist out like he's doing a martial art-type block. No further information is available at the moment, but we will keep you posted.