Ninja Theory, the creators of Heavenly Sword, which is one of the biggest Hack and Slash games available on the PS3 (which you can pick up for really cheap right now) are rumored to be working on the next Devil May Cry game along with the title they are working on which is called Enslaved.
According to Gameinformer:
“Loose Talk has learned that Enslaved isn’t the only game Ninja Theory is working on-we’ve heard that the Cambridge, England developer is being tapped for the next Devil May Cry.
It is not totally unexpected, however; Capcom has said that although it is shying away from Western developer for new IP, it would continue to utilize them for known franchises, which DMC certainly is.”
If this is true, i think Ninja Theory can do a good job with Devil May Cry 5 (or what ever its gonna be called), they have done a tremendous job with Heavenly Sword for the PS3.