This press release officially announces Mafia 2, the sequel to the 1930's open world crime action game from developer Illusion Softworks and publisher 2K Games. The game is being made for unnamed next-gen consoles and the PC; a release date was not announced. Here is some info:

Like the original Mafia title, Mafia 2 immerses players in the mob underworld of a fictitious late 1940's-early 1950's scenario. Players will easily become engaged in the game's cinematic Hollywood movie experience with strong, believable characters in a living, breathing city. By fusing high octane gunplay with white knuckle driving and an engaging narrative, Mafia 2 looks to be the industry's most compelling Mafia title to date.