From joystiq.com:

During its first-half fiscal 2008-09 conference call today, Ubisoft parried a question regarding the Assassin’s Creed sequel. While an Ubisoft executive would not confirm the game’s release for fiscal 2010 (more specifically, holiday 2009), le exec did concede that “we are working hard on the product” — the first real confirmation of its assumed development.

Source

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Tags: assassin's creed, sequel, ubisoft