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Even if the game ends up sucking, you gotta admit that the trailer is pretty damn awesome. Comes out sometime this year on the PC, PS3, and 360.
More info: http://ps3.ign.com/articles/115/1150440p1.html"Rather than run-and-gun their way through a meat maze, players will be forced to scavenge for objects and use them to beat their undead foes into submission. There are precious few firearms scattered around the island (and even less ammo), so the majority of the combat will be intimate. Knives, machetes, bats, broomsticks, pipes – these are your defenses against the horde of infected monsters. It's survival horror with a melee action twist, and it's disgusting. "