Good News for NFS fans Worldwide:

EA Games president Frank Gibeau has confirmed that the next Need for Speed installment is in development. He also stated that due to the fact that the sales of ProStreet didn't live up to EA's hopes for the game, the franchise will go back to its roots with a number of features, including open-world racing and a new highway battle mode.

It's expected that the game will feature a brand new game mechanic and a "Most Wanted-ish" sandbox style of gameplay. An official announcement is expected to be made in the beginning of July at the latest.