Set to be released on November 20th for Ps3 and 360. 

The game will feature single player and co-op modes and is set 10 years after the events of Raccoon city. Capcom have confirmed that fan favourites, Leon S. Kennedy and Chris Redfield will both be playable characters.

Capcom have said:

"It has been ten years since the Raccoon City incident and the President of the United States has decided to reveal the truth behind what took place in the belief that it will curb the current resurgence in bioterrorist activity. Due to be by the President's side is his personal friend and Raccoon City survivor, Leon S. Kennedy, but when the venue suffers a bioterrorist attack, Leon is forced to face a President transformed beyond recognition and make his hardest ever decision. At the same time, Bioterrorism Security Assessment Alliance member Chris Redfield arrives in China, itself under threat of a bioterrorist attack. With no country safe from these attacks and the ensuing outbreaks, the entire world's population is united by a common fear that there is no hope left." 

Hopefully they can recreate some of the magic from the older games, as to me,  Resident evil has kind of lost its way a little bit over the years.

Here's the reveal trailer.