This rumor has a double the usual number of unconfirmed elements, so it's sort of a double-rumor. Apparently, Alan Wake 2 is in development right now at Remedy for the Xbox 720. Not only that, but Rare, Lionhead and Turn 10 are said to have development teams in place to work on games for the not-announced console. That's a full five unconfirmed elements in a single story! This is a quintuple rumor! The record has been set!
The news comes by way of Xbox World magazine, that published:
"We hear a number of Microsoft-friendly developers are hard at work on prepping next gen games as we speak. Could this be the reason why Remedy are so quiet about Alan Wake 2? (Yes) Rare, Lionhead and Turn 10 all have teams in place too. Rare, we hear, are even prototyping ideas for a new 'mature title'."
So what do you think? A new Alan Wake seems a little unlikely. Remedy said they wanted to do a sequel, but it's not like the first game really lit the sales charts on fire. Other than that, it seems pretty likely.