According to a source at Crytek, TimeSplitters 4 is in development for the 360's successor:
http://www.videogamer.com/news/xbox_...n_board_2.html
I hope this is the case, if only to raise the grade for PC ports, at least graphically.Microsoft is gearing up to announce the successor to the Xbox 360 at E3 2012, and Crytek is already developing a new TimeSplitters game for the next generation of consoles, VideoGamer.com can reveal.
Specifications for the new machine have not been finalised, but Crytek is using Microsoft's DirectX 11 as the current basis for next-generation development. Tessellation, multithreaded rendering, and compute shaders are the three headlining features for DirectX 11.