Rockstar games announced today that they will be developing the third installment of Max Payne. The studio Rockstar Vancouver (Bully), has been chosen to bring back Payne to the limelight and will be releasing the title on the PlayStation 3, Xbox 360 and PC at the end of the year.

The founder of Rockstar Sam Houser, talked a little bit about Max Payne 3;

“We’re starting a new chapter of Max’s life with this game. This is Max as we’ve never seen him before, a few years older, more world-weary and cynical than ever. We experience the downward spiral of his life after the events of Max Payne 2 and witness his last chance for salvation.”

The game is set much further in the future then the original game. Max is retired and had move away from the dark streets of New York City. However, he is somehow betrayed while visiting the NYC, the sameplace where is wife and kid were killed, and of course, he seeks revenge… Because that’s what Payne does best.

Again, the game is due out winter of 2009, which probably means we should see some gameplay elements at this year’s E3 — if not sooner. I for one can’t wait, I’ve been waiting patiently for the next installment and have faith in Rockstar Vancouver. The team is not a stranger to controversy. In many respects, their last game Bully, had more ‘bad press’ than Grand Theft Auto — even before the game was available in stores.