RedOctane, co-publisher of Harmonix's monster Guitar Hero games has revealed via their site that the third instalment in the franchise will be coming to the Wii in Autumn this year. It should also be available for the Xbox 360, Xbox and PlayStation 3 and PS2.
Also, according to MonstersandCritics, Neversoft, of Tony Hawk fame, took over development of the Guitar Hero franchise. Previous developer, Harmonix, is hard at work on a new music game titled ROCK BAND, set for a Fall 2007 release also.