Signal Studios, the creators behind Toy Soldiers, announced their new game during the Microsoft Press conference this morning.

Called Ascend: New Gods, the game appears to be a fantasy-themed title based on the trailer.  In it, it shows a skull-faced character with red armor tearing through enemies with a scythe.

Little else is know about the title at this time, but the game is scheduled for a 2013 release.  Keep it here for more details.