If this picture sent to me is to be trusted, then OPM UK says a new Timesplitters is coming. Great? 
 

I wonder what a modern Timesplitters game will be like.  I hope it's awesome.

Great. Really great. Time to go through time once again with our favorite hero Cortez. Or... something like that. The multiplayer was a favorite as well. And hopefully when they come to consoles, they use the CryEngine 3 correctly with little to no glitches like they had with Crysis 2. Maybe it'll have to look a little bit worse, so they can get 60 frames per sec. There's hardly any FPS game that's as frantic as Timesplitters.

I thought this was figured out when Cretek said something it would be on the next Xbox......

Probably my favorite series of all time.  I'm very excited.