The latest in EGM's rumor mill is hot on God of War 3, Gears of War 2, and the revival (from god knows where) of Sega's classic RPG Skies of Arcadia. Mentioned games are supposed to be in development, and will see the light of day by next year.

Given the huge success of God of War, it's not exactly surprising if there's another title in the works. According to rumors, Sony Computer Entertainment America (SCEA) Santa Monica is already working on the next bloody action game for the Sony PlayStation 3, and it's scheduled for release next holiday season.

Another almost inevitable game is believed to be in development by Epic Games. When you look at how Microsoft Xbox 360 owners embraced Gears of War, missing out on easy bucks by not making a sequel doesn't sound too smart. This too, is hoping to be on shelves late next year.

What really sent our eyebrows into orbit is the mention of a sequel for Skies of Arcadia. It has been years since the original was released, and Vyse's pirate adventures on the GameCube was nothing more than a port. If there'll really be Skies of Arcadia 2 for whatever next-gen console, one of the items on this blogger's Sega wishlist would be met.

Previous rumors from the mill have turned out to be true, like Capcom revealing Street Fighter IV and Bionic Commando's remake, Square Enix dishing out Dragon Quest IV remake on the DS, and even Samus not talking in Metroid Prime: Corruption if that counts. Rumors are rumors, but if something like Street Fighter came back from the grave, we're hoping Skies of Arcadia would.