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Lost in the shuffle during the GDC08 news flood was the announcement that Intel had acquired Offset Software, makers of the upcoming, Project Offset. Currently in development for the Xbox 360 and PC, Project Offset is reminiscent of The Elder Scrolls IV: Oblivion with a third-person perspective that doesn't look broken (first-person is also selectable). The game will also feature a multiplayer component, so it actually might be a little more like Two Worlds.
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