Electronic Arts and Criterion announced today that Burnout 5 is in development and slated for release sometime in 2007 on the Xbox 360 and Playstation 3.

The new game will offer an expansive universe with tons of traffic to destroy. The entire game is expected to be a wide open, truly next-gen experience without the requirement to scroll through menus to find tracks and junctions to play.
Burnout 5 is a complete reinvention of the series, built from the ground up for the PlayStation 3 and Xbox 360,” said Alex Ward, director of game design at Criterion Games. “To create truly next-generation gameplay, we needed to create a truly next-generation game, from top to bottom.
You’ll be able to freely roam between crash junctions and race games. You’ll also have a “driver’s license” which is a persistant record of your most insane driving exploits. In addition, the new crash engine will allow you to literally rip your car in half, providing for even more destruction than prior games in the franchise.
The Burnout series has always been one of my favorites out there, and I can’t wait to see what they come up with this time.