From The TimeSplitters Wiki

TimeSplitters 4 is the tentative title for the latest installment in the TimeSplitters series. The Official Playstation Magazine announced in late June 2007 that TimeSplitters 4 was to be a Playstation 3 exclusive. Any other details about the game, including a planned release date, have not been revealed at this time. In the OPM article, a logo parodying the Gears of War logo was used, consisting of a monkey head in a gear.

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PS3 article scan