I'm totally stealing this from NeoGAF, so here's the original thread: http://www.neogaf.com/forum/showthread.php?t=513574
The main details gathered are that it is likely 360/PS3 right now, will have unique weapons and customization, and doesn't really sound like an MMO. The description definitely makes it seem like it has a single player aspect. Also significant is no mention of next gen consoles, but I really don't feel this indicative that it won't be .
I'd post pictures, but the site is broken as fuck right now and it won't let me! You can check them out in the link.