'Need for Speed: Undercover' announced

Electronic Arts' CEO John Riccitiello has told investors at a Chicago conference that the next game in its popular Need For Speed franchise will be called Undercover.

Amid poor reviews for the last title in the series Need For Speed: ProStreet, the EA boss said future games in the franchise will spend 24 months in development as opposed to the current 12 months.

Referring to the one year development cycle, Riccitiello said: "We were torturing a very talented group of people up in Vancouver, which makes it harder to be as innovative every year.

"I'm confident that Undercover is a much better game than ProStreet and I expect that from this point forward, we'll do a lot better."

During the conference, EA also confirmed that Godfather II is in development, while revealing that BioWare's Dragon Age and Pandemic's Saboteur will be released in early 2009.