Sorry, I think this deserves all caps 'cause IT'S SAINTS ROW IV. Release date: August 20th, 2013.
Super powers and more craziness. Seems like they'll be going more in the Saints Row: The Third direction a lot of people enjoyed than maybe some of the more serious stuff that was in the past games. Also seems that it still takes place in Steelport.
Full press release via Kotaku:
In the next open-world installment of Saints Row, Deep Silver Volition continues the story of the Third Street Saints by elevating their status to the highest level – the leaders of the free world. In Saints Row IV, the head honcho of the Saints has been elected to the Presidency of the United States. But the Saints are just getting started. Now the larger-than-life insanity of the Saints series gets a new twist with a catastrophic alien invasion, and the aliens have transported the Saints to a bizarro-Steelport simulation. Wield gargantuan superpowers and fight to free humanity from alien granddaddy Zinyak's mental grasp. Escape the simulation that's trapped the Saints crew, or die trying.
Saints Row IV lets players delve into an arsenal of alien weaponry and technology that will turn each Saint into an ultimate entity of destruction. Utilize out-of-this-world superpowers to fight all the way to the top. With intensified action and enhanced customization, players can use their newfound superpowers and leap over buildings, outrun the fastest sports cars, or send enemies flying with telekinesis in the greatest, most insane installment of Saints Row yet.
Save the world, Saints Style.
Details from Polygon:
According to the official Facebook page for the title, the head of the Saints has been elected President of the United States, leading the charge against an alien force in a struggle to save humanity. Players will "wield gargantuan superpowers" and have an "arsenal of alien weaponry and technology" at their disposal, as well as the ability to leap buildings, outrun enemies and use telekinesis.
The page also refers to the developer as "Deep Silver Volition."