Square Enix today announced Dungeon Siege 3 is to be produced at Obsidian Entertainment with some input form the original developer of the series, Gas Powered Games. For the first time, Chris Taylor's action RPG series will also come to consoles.

"It’s a distinct privilege and thrill to become a part of the DUNGEON SIEGE legacy," said Feargus Urquhart, CEO and Co-Founder of Obsidian Entertainment. "This partnership with Square Enix is a milestone for both Obsidian and the franchise, and the two companies’ strengths for compelling characters and storytelling will shine throughout DUNGEON SIEGE 3."

"Square Enix is proud to partner with Obsidian Entertainment for DUNGEON SIEGE 3," said Mike Sherlock, Co-Chief Operating Officer, Square Enix Europe. "The company has a history in making some of the most immersive and entertaining videogames and is a perfect fit to take the franchise forward and create a new benchmark for the action-RPG."