Metal Gear Solid 4, set on next-gen consoles.

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During the MGS3 launch event in Berlin, Germany, Hideo Kojima confirmed that development of a new Metal Gear Solid for next-gen consoles would begin shortly,

This time the title will kick off a brand series and new storyline, with Solid Snake as the central character.

Hideo will be the executive producer of the game, and the producer will be Ken-Ichiro Imaizumi.

Although Kojima-san was giving away few extra details, he did let slip that the concept of Metal Gear Solid 4 will be "No place to hide". He also quipped that there would be "No place for Hideo". He plans to take a step back and assume the role of executive producer on MGS 4, meaning he won't be as hands-on with the sequel as he was with Metal Gear Solid 3.

Stepping in as producer on Metal Gear Solid 4 is Ken-Ichiro Imaizumi. "We'll be taking it [MGS 4] to the next-gen and we want to feature a fresh, intriguing storyline and gameplay plus captivating graphics and more features while remaining true to the core of the MGS series - remaining Solid. We hope you'll enjoy," Imaizumi-san told an excited press gathering at Konami's event.

Kojima has stated several times that he wanted to bring the series back to zero. Not quite being able to complete this goal with the hugely successful MGS3. This just might be the chance to clean the slate once and for all. Whether this means scrapping the current storyline (The Patriots) or perhaps finishing it, is anyone’s guess at this point.

No mention of what platform MGS4 would be on, or when it might released. (so far)

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Kenichiro Imaizumi (AKA Ken Imaizumi) is Credited on the Fallowing games

Metal Gear Solid 3: Snake Eater (2004), Konami
Frogger Beyond (2002), Konami Digital Entertainment America
Konami Collector’s Series: Arcade Advanced (2002), Konami Corporation
Metal Gear Solid 2: Substance (2002), Konami Corporation
Frogger's Adventures: Temple of the Frog (2001), Konami Corporation
Jurassic Park III: The DNA Factor (2001), Konami Corporation
Metal Gear Solid 2: Sons of Liberty (2001), Konami Corporation
Ring of Red (2001), Konami
Shadow of Destiny (2001), Konami Corporation
Silent Hill 2 (2001), Konami Digital Entertainment America
Silent Hill (1999), Konami Corporation
Castlevania: Symphony of the Night (1997), Konami Corporation

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(Photos of event attached)