MMO developer NetDevil has announced that it's working on a new FPS called Warmonger, Operation: Downtown Destruction
The game will be built on Epic's Unreal Engine 3, and will make strong use of AGEIA's PhysX processor and engine to deliver an unparalleled experience, apparently.
"New rigid body technology and implementation allow for scope of destruction unlike any other FPS currently available," NetDevil president Scott Brown boasts. "As a player, you'll be able to feel the freedom of completely adaptive environments and the full use of conscious, destructive power."
Note: We can assume the game will be a PC title, though it's not yet clear whether it will also feature on one or more of the next-gen consoles.
More info at the source