Seems a lot of key information has managed to slide under everyone's noses since Februrary . Sonny has provided some links in This Thread which seems to confirm from several sources that Crytek DID indeed aquire the  rights to all of Free Radical Designs Intellectual Properties in the acquisition. The current status and or development of TimeSplitters 4 still remains unconfirmed by Crytek however.

Crytek PR Manger Jens Schäfer has confirmed to Voodoo Extreme that the studio's purchase of Free Radical Design included the TimeSplitters intellectual property:

http://ve3d...

(copied from front page)

(Links coming as they become available)

During the EA press conference on day one of E3, Crytek took the stage. Disapointingly, they only mentioned Crysis 2, as well as plugged the Cry3 Engine. This may be un settlelling, but everyone has to remember one thing: We don't know who would be publishing TimeSplitters anyways. If it isn't EA, then they certainly wouldn't mention it during an EA press conference. There is still the Ubisoft press conference later today, as well as the Sony one tomorrow. The likelyness of it being a Sony explusive though seem slim.

Hopefully someone out there tracks down Crytek and asks them about Splitters!

http://www.gamingbits.com/content/view/5862/2/

This article suggests that at present Crytek is focusing on development of Crysis 2 for consoles and PC rather than TS4.

"The development of Crysis 2 marks a major stepping stone for our studio. This is not only the next game in the Crysis franchise, it’s the first title we are developing for consoles and the first title being built on CryENGINE 3. We are excited to have the support of EA Partners again as we work together to make the launch of Crysis 2 a huge event." Cevat Yerli

At least he didn't say Crysis was all that was currently in development.

Apparantly there will be further announcements at e3 and Crysis 2 should be due in 2010
http://wakobi.livejournal.com/75327.html

This article was posted on qj.net earlier yesterday, it indicates that Free Radical (Crytek UK now) are doing "dream projects" projects FRD always wanted to do.

The full article is below.

New Interview with Cevat Yerli
http://www.developmag.com/interviews/456/Interview-Cryteks-Cevat-Yerli

Journalist: There does seem to be anticipation and excitement surrounding a possible new TimeSplitters title.
Cevat Yerli: I am very happy about that excitement.

I am very happy about that excitement.
I am very happy about that excitement.
I am very happy about that excitement.
I am very happy about that excitement.

Great!!!!!!!!!!!!!!!!!!

I was just snooping around for TS4 stuff and I ran across this.

http://www.thegamereviews.com/article-1316-Rumor-Killers-3-Major-PS3-E3-announcements-Front-Mission-360-VIP-Live.html

http://www.ps3addiction.com/news/65/rumor-3-major-game-announcements-for-e3-on-ps3/

I don't really see anything to substantiate those rumors, but hey, I guess we'll take what we can get.

http://crytekuk.info/archives/190 for truncated interview, also below.
http://www.gamesindustry.biz/articles/crysis-core for full interview.

You acquired Free Radical Design recently, which became Crytek UK. How’s that integration coming along?

    Cevat Yerli: It was such a good move. They can speak better than anybody else about this, but I feel their motivation is very high. From what I hear from the management that is actually running this studio, after the troubles, a lot of people who left the company have now come back. We had 40 staff when we acquired it, it’s now grown to 60. That speaks for itself. They feel like they’re moving in a new direction. I’m hearing good reports every week. Motivation is high. The project they’re working on and the technology they are equipped with is super exciting. It’s been a win-win. When we met with the team we instantly new we had to work with them. Their heart, their vision, is just right. They were just victims of ...

http://www.gamesindustry.biz/articles/fate-of-free-radical-design-to-be-decided-this-week

"The fate of Free Radical Design will be announced formally this Wednesday, February 4.

The TimeSplitters and Haze developer went into administration at the end of the year, and numbers were cut at the studio bringing headcount down to 40.

Administrator ReSolve Partners has said that it will make the announcement this week, after indicating that there has been "very strong" interest in the company.

While the administrator had been striving to sell the company as a whole, ReSolve did indicate that it would be prepared to split technology, IP and other assets if it meant a more lucrative sale.

A number of companies have been rumoured to be interested in Free Radical Design, including Codemasters and Monumental Games, but ReSolve has also indicated that there has been interest from outside of the videogames industry."


Wednesday F...

http://images.google.com/imgres?imgurl=http://www.mcotie.com/images/illustrations/bridge_troll.jpg&imgrefurl=http://www.destructoid.com/timesplitters-4-concept-art-uncovered-update--115306.phtml&usg=__FxjfeIs_vcF8asQgIPCEngzWaXk=&h=800&w=582&sz=118&hl=en&start=5&tbnid=FUNogAy2b1AfJM:&tbnh=143&tbnw=104&prev=/images%3Fq%3Dtimesplitters%2B4%2Bconcept%26gbv%3D2%26hl%3Den%26sa%3DG


they can be found here also it appear to have an underwater level so the guy with the hologram face and stuff could be humorous spoofs of bioshock..