Since the death of THQ, nothing has been heard of this game. It is unknown if it is still in development.

From legendary game creator Tomonobu Itagaki and his newly formed Valhalla Game Studios, Devil’s Third is a fast paced action game set in the near future in the wake of a global catastrophe. Tomonobu Itagaki, whose credits include the critically acclaimed Ninja Gaiden and Dead or Alive franchises, vows to deliver an experience like no other, combining a deep storyline with original combat mechanics all set against an atmospheric and explosive backdrop.