The rumors you've been hearing are true; Ubisoft has officially announced that a new Rayman game is headed for next-generation consoles. Planned for release during the the holiday season of 2006, the fourth installment of the Rayman series is being developed by Ubisoft's Montpellier studio, which is led by the original creator Michael Ancel. Rayman has been around for 10 years and has sold more than 16 million units worldwide, so these guys definitely know what they're doing. Stay turned for videos, screenshots, and more information on this next-gen Rayman title.