2K Games has confirmed that a new Bioshock game is under development. 2K set up a whole new studio, "Cloud Chamber", that will helm development on this (can I say much beloved?) franchise "for the next several years". Cloud Chamber will set up quarters in both San Francisco and Montreal. Kelley Gilmore, who has been attached to Firaxis Studios and worked in other 2K franchises such as XCOM and Sid Meier's Civilization, has been appointed Cloud Chamber's Studio Head.

The new Cloud Chamber studio opens its doors with "a deeply experienced group of game makers, including many responsible for BioShock's principal creation, advancement and longstanding notoriety." No other details were available at time of writing. While it's obviously too soon to scream happily from the top of your lungs (and it usually always is until you've actually finished the game), this is definitely a positive sign for the franchise and all those who value it.