The talent they’re looking to hire include:
Senior Tools/Technology Programmer (God of War Team)
Senior Online Programmer (God of War Team)
Senior Graphics/ Technology Programmer (God of War Team)
Senior Gameplay/Generalist Programmer (God of War Team)
HipHopGamer claims that the game will be God of War IV, and will include 3D, co-op, and better visuals, though if it were God of War IV, Sony would insist on 3D and better graphics, and co-op is not a stretch either.
Of course, it’s more likely to be a new portable God of War game taking advantage of the graphic capabilities of the Sony NGP.