It's official boys and girls, Rockstar Games has just announced the fourth installment of the genre-defining Midnight Club action-racing series: Midnight Club: Los Angeles. The game is currently in development by series creator Rockstar San Diego, slated for an early 2008 release on Microsoft's and Sony's next-gen consoles, the Xbox 360 and PS3.

"Midnight Club's addictive blend of freedom, style and sheer sense of speed sets it apart from its competition," said Sam Houser, Founder and Executive Producer of Rockstar Games. "With Midnight Club: Los Angeles, Rockstar San Diego looks to once again push the boundaries and expectations of what a racing game can be. Rockstar San Diego has always been the technology leader in delivering the ultimate racing experience, and with this game, they are looking to re-define the idea of a completely immersive racing game experience, both offline and online."

Midnight Club is one of the highest-rated street racing franchises, setting standards for its genre, delivering nothing but next-generation action-racing experience for loyal Xbox 360, PS3 and franchise fans. The game's producer will confirm all this in the lines below.

"On prior consoles, the Midnight Club franchise continually raised the bar for racing games," said Jay Panek, Producer of the Midnight Club series, "evolving from being the first ever street racing game to setting the defining standard for credibly integrating street racing culture with an intense racing experience. With Midnight Club: Los Angeles, our goal is to evolve on all possible levels and stay true to the hardcore gaming experience the series is known for, while making it accessible to casual gamers and car enthusiasts."

This is all the information on the upcoming game so far. For anything we might have missed or some more information on the developer's work, see the official Rockstar Games website.