Epic Games new IP will be revealed at 2011 Games Developer Conference which take place in California from February 28 to March 4.
Till now Epic Games has been quite successful in keeping their new IP under wraps even though there were many rumours that the title in question is for Kinect, but there isn't any concrete evidence to support it.
In an interview Cliff Bleszinksi, Epic Games Lead Designer said "I believe game designers are the Stan Lees and Jack Kirbys of our day,"
"we're creating these universes that leave a huge impact on people. Gamers votes with their dollars and they often like established IP, but those IPs came from somewhere, right?"
He further added "Call of Duty was crafted by the original Medal of Honor guys. Gears of War was crafted by the original Unreal Tournament guy. I look forward to creating what's next."