God of War fans can rejoice, it’s official… the PS3 is getting part 3 of the saga.

G4TV.com had this to say about the upcoming title…

Sony’s killer app quotient just officially got a little more realistic, what with the official announcement that SCEA is working on God of War III at their Santa Monica studios. This time, Kratos will be coming to the next generation, and we can only imagine that will mean that an already-almost-perfect game will be getting that much better. At least it will be larger and prettier, and can more God of War ever be a bad thing?

It’s going to be interesting to see how they handle GOWIII, since the designer of the previous GOW title quit the company.

So what do you guys thing about this news?