We first spotted Ace Combat: Assault Horizon as a trademark back in April. Today, the game was announced for PlayStation 3 and Xbox 360 title. A teaser trailer posted on Gamespot hints that this Ace Combat game will be a rebirth for the franchise.
Details like a release window and gameplay changes were not announced. Whenever Ace Combat: Assault Horizon comes out it will be the first game in the series on the PlayStation 3.