Just hours ago, Steve Harris Tweeted, and now I'm all excited. The founder of Electronic Gaming Monthly has already spoken of his mag's return to the scene, and thanks to his latest Twitter update, we now know that plans are in motion to bring the great gaming mag back by December 1st.

When EGM founder Steve Harris reacquired the rights to his gaming mag, one thing was clear - Electronic Gaming Monthly will rise from the grave. And through an interview with Publishing Executive, more things are made clear as Harris talks about his vision for the relaunch of the iconic magazine.

Gaming mag EGM is on its way back to printing and store shelves now that its founder, Steve Harris, has re-acquired its trademarks and publishing rights. According to the press release, Harris entered an agreement with Ziff Davis Media and the former now has plans to re-launch Electronic Gaming Monthly in the second half of 2009. More after the jump.

It's official. Ziff Davis has sold 1UP to UGO Entertainment and has closed EGM. This was confirmed by no less than an official press release from both camps earlier today. The axe has fallen, and it's fallen hard. GameVideos.com and others take the hit as well. Full details right after the jump.

Is the magazine industry already bust? You've probably heard a lot of print media transferring to the e-format due to various reasons (mostly because of the lack of demand and rising printing costs). Earlier this week, the publication firm has revealed their plans to cease print circulation of PC Magazine, and opt for the e-publication approach. It was also noted that they're currently considering Electronic Gaming Monthly to follow suit.

Electronic Gaming Monthly's resident rumor master, Quartermann, has alluded to the possibility of a new game featuring DC hero The Flash. Details after the jump!

After revealing 50 Cent: Blood in the Sand (Xbox 360, PS3) for its May issue, Electronic Gaming Monthly magazine's upcoming June issue is revealing the next-gen resurrection of Splatterhouse. Splatterhouse and its sequels are considered to be the arcade games which paved the way for survival-horror titles. Head over the full article to see what else is there for the June EGM issue.

Anxious to know what the real deal is with the release date of Unreal Tournament 3 for the Xbox 360? Mark Rein was in the Epic Games forums and he had some straightforward answers. No need to worry. He says development for the Xbox 360 is going really well. Full details after the jump!

We knew it! Yesterday's Capcom blog post smelled fishy from the get-go. And we were right. News that Ryu and Ken's master Sheng Long will be an unlockable character for the upcoming Street Fighter IV was really just an April Fools' Day joke. More details over at the full article.

"You must defeat Sheng Long to stand a chance." Classic words that helped inspire one of the most famous gaming April Fool's jokes of all time. Lately, however, Capcom has reported that Sheng Long is actually unlockable in Street Fighter 4. History repeating itself? Maybe, maybe not. Turn to the full article after the jump for more Gouken goodness.

---

*UPDATE* Yes, kids. History has indeed repeated itself, albeit the massive loss of coins to arcade machines. Check out the update in the full article.