The rumor of the month, according to EGM Magazine, is that Bizarre Creations, a newly purchased Activision game development studio, is working on a James Bond oriented racing game.
We know that a semi-mysterious "James Bond" was listed in the merger info of Activision and Vivendi, and Bizarre's biggest game is Project Gotham Racing, so we're guessing "true" on this rumor.
True and awesome! Just picture a next-gen racing game with James Bond-style gadgets and gimmicks to throw at other drivers. There's a lot of potential with this game if the rumor turns out to be true!