Max Payne 3 About

12 years after the event of Max Payne 2, Max finds himself in Sao Paolo, Brazil - where security work is plentiful but the risks are high. When murder and betrayal dog his every step, Max is once again thrust into the heart of a brutal city with nothing but his weapons and his instincts in a desperate search for truth and a way out.

Much more information and media coming soon.
http://rockstargames.com/maxpayne3

ESRB Rating Pending: May contain content inappropriate for children. Visit www.esrb.org for rating information.

The first announcement:

Rockstar Games is proud to announce that Max Payne 3 is currently in development and scheduled for a winter 2009 release on the Xbox 360 video game and entertainment system from Microsoft, PLAYSTATION 3 computer entertainment system and PC. Developed by Rockstar Vancouver, Max Payne 3 tells the story of a retired police detective embroiled in a world of corruption, turmoil and intense violence.

The award-winning Max Payne franchise put players in the role of Max Payne, a hard-boiled New York City detective with a penchant for violence, out to avenge the death of his family. The latest installment delivers more of the classic elements and hyper-intense action that fans have come to love, while moving the story of Max in a new direction.

"We're starting a new chapter of Max's life with this game," said Sam Houser, Founder of Rockstar Games. "This is Max as we've never seen him before, a few years older, more world-weary and cynical than ever. We experience the downward spiral of his life after the events of Max Payne 2 and witness his last chance for salvation."

Since leaving the NYPD and New York itself behind, Max has drifted from bad to worse. Doube-crossed and a long way from home, Max is now trapped in a city full of violence and bloodshed, using his weapons and instincts in a desperate search for the truth and a way out.

www.rockstargames.com/maxpayne3

Since the original Max Payne 3 announcement (which can be seen above), we have gotten some new information from Game Informer.

Max's appearance has drastically changed - now he is bald and bearded
Max is now addicted to pain killers - and this has an affect on the gameplay.
The game takes place in São Paulo, Brazil.
Max Payne 3 looks (visually) very similar to Uncharted 2, with vibrant colors and fully destructible environments - powered by Rockstar’s RAGE engine and a procedural animation system (probably Natural Motion's euphoria engine as seen in GTA IV)
We can expect many gunfights in urban ghetto Latin American neighborhoods with plenty of new weapons.
Bullet Time returns, and this time will be a lot more visceral and ultra-violent.
Online multiplayer modes are confirmed.
The game takes place 12 years after Max Payne 2.