well I heard it will be based on the Munch's Oddysee (A.L.I.V.E.2) engine
some sources says it will be a munch bonus game
others says it will be a habitaeles opus...
I have an interview about a oddworld multiplayer game I will post it ASAP
It will be a realy complex game and probably Xbox eXclusive
Edit: I found the video
the beginning is in french but the interview in english
http://video.agoride.com:8282/real/g.../xbox/X-17.ram
I realy think it's about Hand of Odd