Na, thats BS. I bet they announce it on next years E3 with a release date of...let's say Winter 2010. Mark my words :)McSuperLovin
I think they will announce it for the 360 next year at E3 and it'll come out Nov. 2010.
This is what they said:
UPDATE: Epic's Michael Capps has since clarified his comments, and was less certain whether the next Gears of War would be for the current generation or not. "If we ship a game in the next few years, it'll be Unreal Engine 3," he said, "If we ship a game on next [generation] consoles, it will likely be Unreal Engine 4."