Thanks to our friends over at CubeNation we can bring you the good news that Square Enix has started developing Parasite Eve - Rebirth for the GameCube and PS2. For those who don't know the saga, two previous episodes were already launched on PSone, and have had a well deserved success. Parasite Eve - Rebirth will be a brand new episode offering an innovating combat system, digitalized voices, and an astouding technical realisation.

This game will be released late 2003 in Japan and will not see the daylight in the US and Europe until 2004.

More as it breaks!